India and Sri Lanka on Thursday signed a USD 91.26 million contract to upgrade 130 kilometer railway track from Maho to Omanthai under Indian concessional financing.
The agreement was signed between IRCON International Limited and Government of Sri Lanka in Colombo, in the presence of Arjuna Ranatunga, Minister of Transport and Civil Aviation, a statement by the Indian High Commission in Colombo said.
The upgradation of the 130 km track will include 12 crossing stations, 7 halt stations and 78 level crossings.
This is the first time the track is being upgraded in 100 years. This project would double the speed potential of railway track from the current around 60 km to 120 km per hour, as well as reduce the maintenance costs. It will also improve the travel comfort of passengers, and further contribute to the modernization Sri Lanka Railways.
India has so far committed Lines of Credit worth around US$ 1.3 billion for development of railway sector in Sri Lanka. The restoration of arterial railway lines, connecting the North and the South after decades of conflict, was undertaken under Indian concessional financing.
The tsunami-affected Southern Railway line was also upgraded under Indian Line of Credit. India has so far upgraded around 300 km of railway track and provided modern signaling & telecommunication system for around 330 km in Sri Lanka.
In June 2017, India signed a fresh Line of Credit Agreement for US $ 318 million for the development of railway sector in Sri Lanka.
Under this Line of Credit, other projects that are underway include procurement of 160 passenger coaches; upgradation of signal & telecommunication system from Maho to Anuradhapura; and setting up of a Railway Workshop in Ratmalana etc.
Procurements of rolling stock from India are also underway including 6 DMUs, 10 locomotives, 20 container carrier wagons, 30 fuel tank wagons, 160 passenger coaches, and 500 buses. India has also contributed substantially to capacity building of Sri Lankan railway personnel.
This project is in continuation of India’s efforts to partner with Sri Lanka in people-oriented connectivity projects in Sri Lanka.
Courtesy: Colombo Page
