Dec 10, 2014 (Economynext) – Sri Lanka’s ministry of transport inked a deal with Malaysia’s MajuTMAS to help with a transport hub in the capital Colombo that will link bus, light rail and trains.
The ministry of transport said the deal involves "technology transfer and shared experience and expertise."
"I think the exchange of knowledge between Malaysia and Sri Lanka would be useful for both countries," former Malaysian Prime Minister Mahathir Mohammed who witnessed the signing said.
Maju Terminal Management And Services (Maju TMAS) Sdn Bhd which a wholly owned unit of Maju Holdings Sdn Bhd operates Integrated Transport Terminal in Bandar Tasik Selatan.
The deal was signed by transport ministry secretary Dhammika Perera and MajuTMAS managing director Roslan Shariff.
The transport hub to be located in Colombo’s Pettah area is part of a 1.8 billion US dollar urban transport project with a light rail system funded by Japan.