The Indian Railways recently signed an inter-governmental agreement on Trans Asian Railway Network (TARN). This agreement on TARN has been approved under the aegis of the United National Economic and Social Commission for Asia and Pacific (UNESCAP). This dream project is likely to cost about Rs 3,000 crore to the Indian Railways in particular.
According to Railway [...]
The Indian Government has pledged US $ 168 million to Sri Lanka to develop the island’s railways sector.
The financial assistance, provided under the Indian Credit Line (ICL) will be used to upgrade Sri Lanka’s coastal railway line hit by the 2004 tsunami and to strengthen the operating fleet of the Railways Department.
Though the coastal train [...]
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 Lanka will be obtaining a US $ 170 million loan from Rites of India Limited, a subsidiary of the Indian Railway Department, to upgrade the Southern Railway line up to Matara.
The loan for implementation of the project will be granted under a credit line facility and the project will be implemented in two stages. [...]
The Ministry of Transport has finalised negotiations with Rites of India Ltd., a subsidiary of the Indian Railway Department to obtain a US $ 170 million loan to upgrade the Southern railway line up to Matara.
The project which will be implemented in two stages is scheduled to be completed by the end of next year. [...]
