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Urban Development Ministry proposes light rail projects for Colombo again

13 February 2021 12:08 am - 0     - {{hitsCtrl.values.hits}}

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  • The Malambe-Colombo light rail was costly
  • It cost more than US $ 2 billion. It is a loan. When the rupee value depreciates, the cost of debt servicing increases

By Kelum Bandara  

State Minister of Urban Development, Coast Conservation, Waste Disposal and Community Cleanliness Dr. Nalaka Godahewa said his office proposed to Prime Minister Mahinda Rajapaksa to take steps to develop light rails in Colombo, a project that has been on paper for a long time.   

 Dr. Godahewa told Daily Mirror there were four light rail lines proposed to be developed in Colombo, and the Malambe-Colombo line which was planned to be implemented with Japanese financial assistance, was scrapped on instructions by the Finance Ministry due to the  high cost involved.   


“It does not mean we have totally abandoned light rail projects. There are three more lines. We requested the Prime Minister to see how we can proceed with them. That has to be done in consultation with the Finance Ministry,” he said.  


He said the Malambe-Colombo light rail was costly.  


“It cost more than US $ 2 billion. It is a loan. When the rupee value depreciates, the cost of debt servicing increases,” he said.

 

  • There are three more lines. We requested the Prime Minister to see how we can proceed with them 

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