India has so far committed lines of credit worth around US$ 1.3 billion for development of the 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
The contract agreement for
The first set of DMU (Class S13) arrived in Sri Lanka in December 2018 ahead of schedule and is now being commissioned into Sri Lanka Railways after completion of trial runs. Recently
In addition, 50 wagons are also being supplied to Sri Lanka railways under Indian concessional financing which will also be delivered this year. 500 buses will also be supplied to Sri Lanka under Indian concessional financing.
In June 2017, India signed a fresh Line of Credit Agreement for
India remains ready to assist Sri Lanka to meet its developmental aspirations as per Sri Lanka’s own requirements, the Indian High Commission in Colombo said.