Sri Lanka inks US$82.6mn rail passenger coach deal with India

ECONOMYNEXT – State-run Sri Lanka Railways has inked a 82.64 million US dollar deal to buy 160 passenger coaches from RITES Ltd, the Indian High Commission (embassy) in Colombo said.

RITES Ltd, an Indian state firm will be paid from a 318 million dollar line of credit given by the Exim Bank of India in June 2017 to upgrade Sri Lanka’s rail tracks and rolling stock.

RITES Ltd will also supply 6 diesel multiple units (DMUs) and 10 locomotives to Sri Lanka. Texmaco Rail & Engineering Ltd, a private firm will supply 20 container carrier wagons and 30 fuel tank wagons.

The rolling stock will also be paid from the credit line.

The passenger coaches will be custom made to suit the requirement of Sri Lanka railways, the statement said.

Mukesh Rathore, Director (Technical), RITES Ltd. and G S Withanage, Secretary, Ministry of Transport & Civil Aviation of Sri Lanka, had signed the contract. (Colombo/Sept08/2018)

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