Sri Lanka northern rail rebuild completed by India’s Ircon
EconomyNext – India’s Ircon International Limited will start test runs Wednesday on a rebuilt rail spur, completing the last stretch of track destroyed by war in northern Sri Lanka ahead of a visit by Indian premier Narendra Modi.
The reconstructed railway track is designed with a speed potential of 120km per hour, the state-owned firm said in a statement.
The 63-km newly built railway track between Madhu Road and Talaimannar Pier in the northwest is the last segment of the 265-km long northern railway line reconstruction project.
Train services from Madhu Road to Talaimannar Pier will be declared open by Modi on 14th March 2015.
The railway tracks from Omanthai to Kankesanthurai in northern Jaffna peninsula and Medawachchiya to Talaimannar Pier were completely destroyed during the ethnic conflict.
The Indian government under its development credit policy gave a soft loan of 650 million dollars to Sri Lanka to rebuild the railway track at a concessional rate with a repayment period spreading over 20 years, with a five year moratorium.