India approves $318mn loan for SL railways

28 July 2016 09:10 am - 5     - {{hitsCtrl.values.hits}}

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India has approved a $318 million loan for Sri Lanka Railways to upgrade its communications system and rolling stock in the Tamil-dominated north

Sri Lankan government spokesman and minister Gayantha Karunathilake said that the money will be used to improve the signal system from Maho to Anuradhapura in the north central province and from Anuradhapura to Omanthai in the north.

It will also be used to buy six power sets with air-conditioned carriages, 10 engines and 160 carriages, 30 wagons with oil tanks and 20 container carrying wagons.

The Cabinet had approved a proposal by Prime Minister Ranil Wickremesinghe to enter into an agreement with Exim Bank of India for the loan. (Economic Times)

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  Comments - 5

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  • shafa Friday, 29 July 2016 06:21 AM

    Why do I get the feeling that this government is leaning too much on India and they are going to pay a heavy price for it in the near future via DM Android App

    Laljee/Qatar Friday, 29 July 2016 06:49 AM

    Soon we will be .Look at the trend.At least 75%of T.V advertising is Indian ads dubbed in sin/tamil or English and we watch Indian teledramas dubbed in Sinhalese.

    drs Thursday, 28 July 2016 04:24 PM

    What approved.. Grant should be the word. We are not a state of India .

    lankaman Thursday, 28 July 2016 09:17 AM

    All locomotives and power sets bought from India cannot be run on the main line due to its inability to climb steep hills. Only korean, chinese, japanese, canadian and german railway engines run beyond polgahawela. Why is the government indebting the nation to buy useless junk from india?

    cruso Thursday, 28 July 2016 09:35 AM

    some people it is allergic when they here the name India. Those are useless comments. via DM Android App


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