Home / News/ India to supply 160 passenger coaches worth $ 82.6 m to Sri Lanka Railways

India to supply 160 passenger coaches worth $ 82.6 m to Sri Lanka Railways

Comments / {{hitsCtrl.values.hits}} Views / Monday, 10 September 2018 01:38

A contract agreement for around $ 82.64 million for the supply of 160 passenger coaches from India under concessional financing was signed between RITES Ltd. and the Sri Lankan Government in Colombo on Friday (7 September). 

The contract agreement was signed by RITES Ltd. Director (Technical) Mukesh Rathore and Ministry of Transport and Civil Aviation of Sri Lanka Secretary G.S. Withanage. The passenger coaches will be custom-made in India to suit the requirements of Sri Lanka Railways. 

A Line of Credit (LoC) agreement of $ 318 million for procurement of railway rolling stock and upgradation of rail tracks was signed between the EXIM Bank of India and the Sri Lankan Government in June 2017 in Colombo. The current contract agreement for the supply of 160 passenger coaches will be covered under this LoC.

Procurements of rolling stock from India, which are underway, also include six DMUs, 10 locomotives, 20 container carrier wagons and 30 fuel tank wagons. RITES Ltd. will be supplying the DMUs and locomotives, while Texmaco Rail and Engineering Ltd. will be supplying the wagons.  India has already completed projects close to $ 1 billion under concessional financing in the railway sector in Sri Lanka. 

This project continues India’s efforts to partner Sri Lanka in people-oriented connectivity projects in Sri Lanka. 


Share This Article


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Courting democracy; Housing disaster?

Thursday, 15 November 2018

A small step was taken by a sovereign court the day before yesterday. It was a giant leap for the supremacy of the Constitution over all three arms of government in a recently benighted Sri Lanka. As well as being the tangible proof of intra-governme

Sri Lanka’s Judiciary in its finest hour

Thursday, 15 November 2018

“We must never forget that the only real source of power we as judges can tap is the respect of the people” –Justice Thurgood Marshall

When scholars turn slayers of reason

Thursday, 15 November 2018

“… I think, that the intellectual is an individual endowed with a faculty of representing, embodying, articulating a message, a view, an attitude, philosophy or opinion to, as well as for, a public. And this role has an edge to it, and cannot be

A stable democracy is a prerequisite for the wellbeing of Sri Lankans

Thursday, 15 November 2018

In Sri Lanka, despite the complexity of overlapping policies, the slow pace in implementing economic policies has been of central concern in the past few years. The current political state in Sri Lanka poses a series of e

Columnists More