By: Staff Writer
January 08, Colombo (LNW): In a remarkable display of international cooperation, India is stepping up its support for Sri Lanka’s depleting railway system with a substantial investment exceeding US$1 billion, channeled through five Lines of Credit (LoC) projects.
India is the sole creditor providing vital assistance to Sri Lanka’s struggling railway network, as revealed by the Indian High Commission in its recent announcement
Minister of Transport, Highways and Mass Media Bandula Gunawardena and High Commissioner of India to Sri Lanka Santosh Jha ceremonially launched track rehabilitation work at Galgamuwa Railway Station commencing upgradation of railway line including ancillary works from Maho to Anuradhapura on Sunday (Jan. 07).
The Ministry of Transport and Highways and IRCON International signed a new Contract for design, installation, testing, and commissioning of a Signaling system for Sri Lanka Railways, from Maho to Anuradhapura at a cost of US$ 14.90 million under an Indian LOC.
The upgradation of the from Maho to Anuradhapura on the mainline is the second phase of a Line of Credit project for track rehabilitation from Maho- Omanthai (128Km) which was undertaken by an Indian Public Sector company, IRCON, under an Indian Line of Credit (LOC) of USD 318 million, the Indian High Commission in Colombo said in a statement.
The cost of the entire project is US$ 91.27 million of which the second phase of rehabilitation from Maho-Anuradhapura is scheduled to be completed in a period of six months, it mentioned.
Minister of Transport Bandula Gunawardena expressed gratitude to India for the support extended to Sri Lanka, especially in the transport sector. Appreciating the work carried out by IRCON in Sri Lanka in the past few years, he also called for greater Railway cooperation between the two countries.
The High Commissioner expressed happiness that as a long-standing development partner of Sri Lanka, India had executed projects for development and rehabilitation of Sri Lanka’s Northern and Southern Railway line over the past several years, in line with the priorities and requirements of the Government of Sri Lanka.
He underscored the importance of modernization of Railways in enhancing mobility of goods and services in Sri Lanka thereby boosting economic activity.
India’s public sector company, IRCON, started its operations in Sri Lanka in March 2009 and has contributed towards modernization of Sri Lanka Railways by reconstructing the entire railway line network in Northern Province (253 Km) and upgradation of Southern line (115 km).
It has also contributed to ensuring safety and reliability through a modern signaling & telecommunication system on 330 km stretch of Railway line, it added.
Furthermore, the Indian High Commission in Colombo mentioned it is notable that India’s support to Sri Lanka under its various LOCs has continued despite the debt standstill announced by the Government of Sri Lanka in April 2022.
