Sri Lankan government to launch preliminary work on LRT project by end of the year

Sri Lankan government to launch preliminary work on LRT project by end of the year

Sri Lanka’s Ministry of Megapolis and Western Province Development has reportedly stated that preliminary work on the proposed Light Rail Transport (LRT) project between Malabe and Fort will be launched by the end of the year once the feasibility study completed in June.
“We are currently in the process of doing the feasibility study for six LRT systems and they on track to finish by June, so after that we will commence the construction with JICA aid by December,” Minister of Megapolis and Western Province Development, Champika Ranawaka has been quoted as saying in the local media.
“At the moment there is a lot of traffic congestion on the Malabe – Borella route mainly because there is no rail connectivity and also less bus routes.”
The project covers a distance of 21 km and is estimated to cost US$ US 1.3 billion and is scheduled to be completed by 2021.
Ahead of the launch of the project, all overhead telecommunication and electricity lines are to be placed underground in order to facilitate the LRT project.
Ranawaka has said the loan for the project will be on similar terms as the one taken for the ongoing Port City project where it will have to be paid back in 40 years with a 10-year grace period.
Once the project is completed, it will take about 40 minutes to travel from Malabe to Fort, with trains operating every four minutes during peak hours.
There will be 21 stations along the route covering several key towns in Colombo including Borella, Rajagiriya, Battaramulla and Thalahena.

OSL take:

The launching of the proposed Light Rail Transport (LRT) project between Malabe and Fort by the Ministry of Megapolis and Western Province Development will open up many investment opportunities in Colombo and its immediate suburb. Investors could look at playing a role in the project due to the availability of funding. Also, the project would result in the development of several towns in and around the Colombo City as hubs where large numbers of people would transit on a daily basis. Foreign investors could look at promoting projects that would provide supplementary infrastructure facilities in those respective areas.

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Article Code : VBS/AT/20180208/Z_1

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