Indian credit line for public transport needs
Government procurement plan with Indian credit line:
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• 163 Ashok Leyland engine kits.
• 20 carrier wagons.
• 30 fuel tanks for railways.
These are for the purposes of refurbishment of the National Railway System and to strengthen the SLTB Islandwide Network Operations at a cost of $ 5.5 million (Rs. 797 million) under Indian Line of Credit.
According to Cabinet sources each of the engine kits from Ashok Leyland will cost $ 11,550.
The Ministry initially planned to also procure TATA engine kits, but that decision was dropped due to the high cost and technical difficulties.
The decision was further made easy, due to the fact that 67% of the Sri Lanka Transport Board (SLTB) buses are Ashok Leyland.
OSL Take:
The Indo-Lanka trade ties are progressing smoothly with both nations exploring many sectors for mutual benefit.
Among them, the following sectors stand out:
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• Power and energy.
• Transport.
• Ports development.
• Tourism.
As the present Maithri-Modi relationship is encouraging investors of both nations, the ETCA agreement is also being studied in detail by both nations to arrive at the most suitable document to increase the free-trade between the 2 traditional regional friends.
OSL as the leading business matchmaker between India and Sri Lanka, now calls Indian parties to seek our local expertise to bid for government proposed investment projects on the PPP investment model.
Feel free to engage the services of the biz-friendly OSL Team now to learn more.
| Article Code : | VBS/AT/21102016/Z-1 |