RITES visit to give final shape to project
A high level of Rail India Technical and Economic Services (RITES) delegation will visit Sri Lanka this month to give final shape to its $170 dollar project to upgrade Sri Lanka’s Southern Railway. “We have got the government approval for the project and the Attorney General is looking at the proposals before giving clearance”, said the Sri Lankan Transport Secretary Mr Nihal Somaweera.
RITES would be providing the loan for the project, according to the Memorandum of Understanding for the project. The RITES and Indian Railway Construction Company (IRCON) would undertake upgradation of the Island country’s Southern Railway Line up to Matara, about 160 kms from Colombo. The Sri Lankan Ministry of Transport has already finalised negotiations for entering into an agreement with RITES to secure the credit. The project would be taken in two stages, one involving $100 million and the secon d $70 million, Mr Somaweera said adding he expected the agreement to be signed by March.
The project is to be completed by the end of next year. Besides 16 power sets for long distance travel and three engines to maintain tracks, RITES has also proposed to provide material to upgrade the railway track from Colombo to Aluthgama (Road distance about 57 kms) under the first stage of the project.
RITES Ltd, a subsidiary of the Railways, is a multi-disciplinary consultancy organisation in the field of transport, infrastructure and related technologies. IRCON would be involved in construction and upgradation work besides providing three engines for track maintenance and power equipments.
Source: The Hindu Businessline
Tags: dollar project, economic services, government approval, indian railway, ircon, long distance travel, memorandum of understanding, railway construction, railway line, railway track, secon, southern railway, track maintenance, transport infrastructure
