Sri Lanka has signed an agreement with India to upgrade tracks in a key railway segment connecting the north and south at a cost of $ 91.26 million. This is the first time in 100 years that the 130 km-long-tracks, running from Maho town in the North Western Province to Omanthai in the Northern Province, are being upgraded.
The initiative seeks to double the speed potential of the track from the current 60 km/hour to 120 km/hour, reduce maintenance costs and potentially improve travel comfort of passengers, according to a press release from the Indian High Commission here.
The contract agreement for concessional financing was signed in Colombo on July 18 between the Government of Sri Lanka and IRCON International Ltd. Read More
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