Sri Lankan government issues request for proposals for three Light Rail Transit lines from six Chinese companies
The government of Sri Lanka has reportedly decided to grant approval to a proposal by the Ministry of Megapolis and Western Development to issue request for proposals (RFP) for three Light Rail Transit (LRT) lines from six Chinese companies.
According to reports, the companies – China Harbour Engineering Corporation, China Tiesiju Civil Engineering Group Corporation, China Railway Group, China State Construction Engineering Cooperation, CITIC Construction Corporation, and China Railway Construction Corporation – were evaluated and recommended by the Procurement Committee (PC) as prequalified and approved by the Cabinet Appointed Negotiation Committee (CANC).
The Cabinet of Minister has last week also approved Megapolis and Western Development Minister Patali Champika Ranawaka’s proposal to employ a national or international consultancy firm to assist the government in evaluation and negotiations in relation to investor proposals of the WRLRT project (owner’s consultancy service) as prescribed in the Procurement Guidelines, as the competencies needed in technical, financial, legal and economic aspects relating to the project are not available in the country.
The National Agency of Private Public Participation (NAPPP) at the Finance Ministry is to provide finances and all other assistance for the consultancy service, reports state.
OSL take:
Sri Lanka’s Western Province Development and Megapolis Ministry is currently engaged in many development projects aimed at urbanizing many areas in the country. The proposed three LRT lines is an opening of many investment opportunities for foreign investors. While Chinese companies are requested to present proposals for the project, foreign companies could look at development programmes along the LRT lines and the development of new townships along the lines. Interested foreign businesses/investors could explore opportunities building up in the country.
| Article Code : | VBS/AT/20181008/Z_1 |