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SLR gets Indian grant of 170 million dollars
http://www.slr.sharinfo.net/ indian-grant-to-upgrade-the-southern-railway-line
SLR gets Indian grant of 170 million dollars January 10th, 2008 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. It is scheduled to be completed by the end of 2008. Accordingly, Rites of India will provide material to upgrade the railway track from Colombo to Aluthgama. This includes 16 power sets for long distance travel and three engines to maintain tracks under the first stage of the project.
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