Sri Lanka’s Cabinet grants approval to implement an elevated Light Rail Transit line from Multi-Modal Transport Centre
The Cabinet of Ministers in Sri Lanka has reportedly granted approval to implement an elevated Light Rail Transit (LRT) line from Multi-Modal Transport Centre in Colombo Fort to Malabe.
Reports state that the proposal presented by Sri Lanka’s Megapolis Minister Champika Ranawaka, a 17 km long, two light railways will be built under the Japanese funded project.
According to reports, Malabe to Fort is a high priority transport corridor which connects the administrative capital to the business district in metro Colombo.
This corridor reportedly carries the largest number of vehicles and has the lowest speed compared to all other corridors. It is also the one major corridor currently not served by a rail-based public transport mode.
The monorail study found this route economically viable if some of the private vehicle users would shift to public transport during the rush hours, a local media report has stated.
OSL take:
The Sri Lankan government is committed to developing mega cities in the country in line with the dynamic cities around the world. The government has already stated that improvement and increased use of public transport systems is the effective and sustainable solution to urban traffic congestion. It is also a key component in megapolis development. Hence, there are many investment opportunities in Sri Lanka open for foreign investors.
| Article Code : | VBS/AT/20170716/Z_4 |