ADB to provide US$ 160 mn for railway efficiency improvement project
Sri Lanka, July 9 -- Asian Development Bank (ADB), which has been a strong partner in development of Sri Lanka since 1966, will provide US $ 160 million for a railway efficiency improvement project in a bid to move Sri Lanka's railway into the future.
According to ADB Country Director in Sri Lanka, Sri Widowati, discussions pertaining to the proposed project have been already concluded and ADB hopes to obtain the Sri Lankan government's approval for the project shortly.
This project will support immediate improvements in the operation, maintenance, safety, skills development by improving the efficiency of railway operations and addressing key bottlenecks in the railway network through the modernization of the telecommunication system, t...
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