Sri Lanka receives train sets and engine from India under credit line
Sri Lanka’s Ministry of Transport and Civil Aviation has reported that India has delivered the fourth of six Class S13 train sets to Sri Lanka along one Class M11 engine.
A statement issued by the Ministry has announced that the trains for Sri Lanka Railways are being supplied under an Indian government soft loan to the Sri Lankan government.
Accordingly, the Class S13 diesel multiple-unit (DMU) trains were built for Sri Lanka Railways by India’s Integral Coach Factory and imported through RITES Ltd, which is an Indian state-owned firm.
Each DMU consists of two diesel-electric locomotives and 13 coaches.
According to reports, the Class M11 engine that was unloaded at the Colombo Port is the fourth of 10 engines being supplied by India.
Another M11 engine and one more Class S13 DMU train is to arrive at the Colombo Port from India in three weeks, reports further stated.
OSL take:
India has offered many credit lines to Sri Lanka and plays a key role in the island’s development programme. India and Sri Lanka have an active free trade agreement and the island enjoys preferential treatment when dealing with India. Therefore, foreign businesses/investors looking at business opportunities in India could explore the possibility of setting up base in Sri Lanka to engage with its neighbour, India.
| Article Code : | VBS/AT/25072019/Z_4 |