ECONOMYNEXT – India has loaned more than a billion dollars to upgrade Sri Lanka’s railway with another 180 million Us dollars to be invested in ongoing or planned projects to improve transport infrastructure.
IRCON, an Indian state firm has just kicked off a 91.27 million dollar upgrade of 128 kilometres of track running from Maho in north central Sri Lanka to Omanthai to connect with the railway line to Jaffna.
The updgrade will allow trains to be run at speeds of around 100 kilometres an hour and cut travel to Jaffna by an hour.
Modernization of railways was required to improve mobility and boost growth India’s High Commissioner to Sri Lanka Gopal Baglay has said at the ceremonial start of the project on January 08.
Strengthening connectivity internally as well as with India would enhance pilgrimages, tourism, trade and bring economic benefits for the people of both countries, he was quoted as saying in a statement issued by the Indian High Commission in Colombo.
He stated that India will work with Sri Lanka to introduce green and sustainable transport solutions.
From March 2009 IRCON has re-built 253 kilometres of the Northern line and upgraded 115 kilometres in the Southern line and installed signaling systems over 330 kilometres.
India has continued to give loans after Sri Lanka defaulted in April 22.
India recently delivered 125 Mahindra SUVs to Sri Lanka police out of 500 units to be given under a line of credit.
Sri Lanka state transport board was given 75 out of a 500 bus supply contract. (Colombo/Jan09/2022)