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India committed to assist development of railway sector in Sri Lanka

India has so far committed Lines of Credit worth around US$ 1.3 billion for development of railway sector in Sri Lanka and remains ready to assist the island nation to meet its developmental aspirations according to its own requirements, the High Commission of India in Colombo said following the flag-off of a new train to North on Sunday.The Uttara Devi, the Intercity Express train that runs between Colombo and Jaffna Kankasanthurai in the North embarked on its maiden journey today from Colombo Fort with a new power set provided by India under its Line of Credit.The contract agreement for supply of 6 DMUs and 10 locomotives to the Sri Lanka Railways was signed between M/s RITES Ltd., India and Sri Lanka Railways in March 2017. The total contract is worth around US$ 100 million and is financed under Indian concessional financing. The first set of DMU arrived in Sri Lanka in December 2018 ahead of schedule and is now being commissioned into Sri Lanka Railways after completion of trial runs. The supply of rest of DMUs and locomotives will be complete during the course of this year..................

 

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