header logo
Asia asset finance
Mogo Academy
Latest
SL to manufacture railway passenger coaches with private sector participation
Feb 02, 202102:32 PM
SL to manufacture railway passenger coaches with private sector participation

The approval of the Cabinet has been granted to manufacture railway passenger coaches within Sri Lanka as a solution to the prevailing requirements of the Sri Lanka Railways.

 

While the prevailing needs require nearly 700 railway passenger coaches, it has also been estimated that the need will increase to about 800 in the coming five years.

 

The existing passenger coaches are currently of different ages; 30 percent of them are 30 years old, 60 percent are 25 to 30 years old and 10 percent have been in the services for 12 years or less.

 

A total of 160 passenger coaches will be acquired from India while another 140 coaches are expected to be acquired through the renovation project. However, these will only meet 42 percent of the total requirement.

 

It has been noted that 50 percent of the total railway passenger coach requirement should be provided expeditiously with the use or renovation of new coaches.

 

Thereby, the Cabinet has approved a proposal by the Minister of Transport to select an investor in compliance with the government procurement guidelines to manufacture 100 railway passenger coaches with the participation of the private sector.

 

 

 

MostRead
Mobitel 5g
VideoStories
El Niño expected to gradually impact Sri Lanka, experts warn

El Niño expected to gradually impact Sri Lanka, experts warn

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Dengue cases surge in Sri Lanka with over 40,000 patients recorded this year

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Sri Lanka Navy launches new book showcasing nation’s maritime heritage

Special Dengue Prevention Week in Colombo from June 15 to 21

Special Dengue Prevention Week in Colombo from June 15 to 21

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

“New corruption cases stalled by CIABOC” Joint Opp. seeks meeting with Chairman to raise concerns

Sri Lanka bans export of mineral resources without value addition

Sri Lanka bans export of mineral resources without value addition

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Over 39,000 dengue cases reported islandwide; health officials warn of hospital capacity pressure

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Court declines request for daily access to detained ex-SIS Director Suresh Sallay

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Colombo HC dismisses Shashi Weerawansa’s appeal over passport case

Satyagraha staged against Suresh Sallay’s detention temporarily suspended after court decision

Satyagraha staged against Suresh Sallay’s detention temporarily suspended after court decision

Court appoints five-member special medical panel to examine Suresh Sallay’s health condition

Court appoints five-member special medical panel to examine Suresh Sallay’s health condition

Opposition calls for fair investigation into Easter attacks and Suresh Sallay

Opposition calls for fair investigation into Easter attacks and Suresh Sallay

Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Cabinet Spokesman rejects accusations, says Suresh Sallay treated like any other detainee (English)

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Minister claims funds transferred to foreign companies via ‘TT’ payment method, posing as importers

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

Suresh Sallay continues hunger strike; UNP calls for parliamentary review of treatment (English)

Lassana Flora