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Sri Lanka approves billion dollar tower block by China in Colombo Port City

Sri Lanka has approved a billion US dollar mixed development tower block project in Colombo Port City, where the sea ha...

June 18, 2020 1 min read

Sri Lanka halts Japan funded Colombo light rail project

Sri Lanka has halted a Japan funded light rail project for the capital Colombo as it was too costly and brought low retu...

June 18, 2020 2 min read

Sri Lanka bus operators look for loan bailout as Coronavirus curbs hit revenues

Sri Lanka is looking at mortgaging route licenses of private buses to raise cash with operators saying revenues had halv...

June 11, 2020 4 min read

Sri Lanka biz chamber proposes way to cut public transport risks as economy opens after Covid-19

Sri Lanka's Ceylon Chamber of Commerce had given proposal on how to reduce risks in public transport after Coronavirus cont...

April 17, 2020 3 min read
Sri Lanka Railways to be studied by restructuring committee

People asking that the railways be privatized

Sri Lanka plans aircraft dismantling at Mattala Airport 

To boost utilization of the airport government approval has been received for several new activities

Sri Lanka small car, heavy truck imports rebound in January

ECONOMYNEXT – Sri Lankan vehicle imports recovered in January 2018 with big increases seen in small cars, scooter...

March 2, 2018 2 min read

India’s RITES gets Sri Lanka central expressway consultancy deal

ECONOMYNEXT – Indian engineering consultancy company RITES Limited has won a contract to provide advisory service...

February 28, 2018 1 min read

SMEC, RDC to do Sri Lanka elevated highway feasibility

ECONOMYNEXT – SMEC International Pty, a unit of Singapore-based urban planning consultancy Surbana Jurong Pvt Ltd...

February 28, 2018 1 min read

US-based GE wins US$48mn Sri Lanka locomotive deal

US-based General Electric Company has won 48 million US dollar deal to supply locomotives for SR Lanka's state-run railw...

February 17, 2018 1 min read

Sri Lanka to buy electric buses for BRT system

ECONOMYNEXT - Sri Lanka’s government bus service is to buy 50 electric buses for a planned Bus Rapid Transit (BR...

January 18, 2018 1 min read

Ashok Leyland Sri Lanka unit December net profit up 81-pct

ECONOMYNEXT – The Sri Lankan unit of Ashok Leyland has reported a sharp rise in net profit for the December 2017 ...

January 15, 2018 1 min read

Sri Lanka's Rajagiriya flyover cost down, length same: Harsha

A flyover that has helped speed up traffic along a key highway leading to Colombo is an interim solution pending a light...

January 13, 2018 2 min read

Sri Lanka to open Rs4.7bn flyover to ease congestion

Sri Lanka's President Maithripala Sirisena will declare open a 4.7 billion rupee flyover in Sri Lanka capital with acces...

January 5, 2018 2 min read

Sri Lanka small hybrid car imports pick up in November

ECONOMYNEXT – Sri Lankan registrations of vehicles continued a slow recovery in November, except for an increase ...

January 2, 2018 1 min read

Sri Lanka expressway users top 100,000 in holiday weekend

More than 110,000 motorists had used an expressway to the South kicking off the 2017 holiday weekend, making it the busi...

December 30, 2017 1 min read
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Sri Lanka's regulated public bus fleet declines in first half 2017

Sri Lanka's regulated privately owned bus service has declined 2.0 percent to 19,917 in the first half of 2017 from a ye...

December 14, 2017 1 min read

Sri Lanka unions call off rail strike after backlash

Colombo, Sri Lanka | AFP | Wednesday - Sri Lanka's railway workers called off an island-wide strike Wednesday that disru...

December 13, 2017 2 min read

Sri Lanka allows electric car loans up to 90-pct of value

ECONOMYNEXT – Sri Lanka has relaxed budget proposals slashing Loan to Value (LTV) ratios for car imports and will...

November 16, 2017 2 min read

Sri Lanka pre-budget vehicle import orders under previous duty rate

ECONOMYNEXT – Individuals who opened Letters of Credit for import of vehicles prior to the presentation of Sri La...

November 16, 2017 1 min read

Sri Lanka to replace 70,000 state vehicles in green drive

ECONOMYNEXT - Sri Lanka's government will buy at least 70,000 hybrid and electric cars in the next seven years in line w...

November 14, 2017 1 min read

Sri Lanka's small cars down by half a million rupees

ECONOMYNEXT - The latest duty reduction for small cars will see the prices drop by an average of half a million rupees i...

November 13, 2017 2 min read

Sri Lanka aims for non-fossil fuel vehicle fleet by 2040

ECONOMYNEXT – Sri Lanka aims to convert all its vehicles into those powered by non-fossil fuels with import taxes...

November 9, 2017 1 min read

Sri Lankan transport experts rally for rail over bloated Kandy expressway costs

ECONOMYNEXT – Sri Lankan transport professionals are lobbying for rail transport priority, saying the government ...

November 4, 2017 4 min read

South Korean firms to do Sri Lanka LRT feasibility study

Sri Lanka’s government has chosen two South Korean engineering consultancy firms to do a pre-feasibility study fo...

November 2, 2017 1 min read

Sri Lanka LRT study gets responses from Alsthom, Bombardier: Minister

Sri Lanka has received responses from nine parties for expressions of interest called to study five light rail transit l...

October 26, 2017 1 min read