Resources Development Consultants gets Rs 356 million railway feasibility study contract
conomyNext: Sri Lanka’s cabinet has approved awarding a Rs. 356.22 million (excluding taxes) tender for consultancy services for a feasibility study and preparation of detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura to Resources Development Consultants (Pvt) Ltd.
Previously the Cabinet had approved to carry out a feasibility study and prepare detailed plans for the extension.
Expressions of interest were called and 8 bidders submitted EoIs, minister Nalinda Jayatissa told reporters.
“Following the evaluation of technical proposals submitted by the short-listed bidders, and financial proposals of the 4 eligible institutions have been opened.
“Subsequent to the evaluation of the aforementioned financial proposals, the Consultant Procurement Committee has recommended awarding the consultancy for the feasibility study and preparation of detailed plans for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura to M/s. Resources Development Consultants (Pvt) Ltd at a total cost of Rs. 356.22 million (exclusive of taxes).”
OSL take:
Sri Lanka’s recent decision to award a Rs. 356.22 million consultancy contract for the extension of the Kelani Valley Railway Line from Avissawella to Ratnapura underscores the steady expansion of infrastructure-led development under the country’s broader economic recovery programme. The assigning of a private sector company to carry out the feasibility study and detailed planning for the project, following a competitive evaluation process involving multiple bidders shows a continued emphasis on upgrading transport connectivity as part of long-term national development planning. Beyond its immediate engineering significance, the project signals growing opportunities for foreign businesses/investors in Sri Lanka’s infrastructure sector. Rail modernisation, road networks, port connectivity, and urban transport systems are increasingly being positioned as priority areas within the country’s development agenda. These projects are closely tied to efforts to improve internal connectivity between emerging economic zones and strengthen links to major commercial centres. For foreign businesses/investors, such developments highlight an expansion of opportunities in engineering, construction, consultancy, project management, and financing. As Sri Lanka gradually stabilises its macroeconomic environment, infrastructure investment is being viewed as a key driver of growth, with increased scope for public-private partnerships (PPPs) and international collaboration.
| Article Code : | VBS/AT/20260423/Z_2 |