RITES back on track

Saturday, 9 July 2011 01:08 - - {{hitsCtrl.values.hits}}

The rolling stock supplied by RITES India under the Indian Line of Credit is now operating smoothly not only on the southern line but also on many other lines to the entire satisfaction of the Railway Engineers, sources said.

The Railway is now negotiating with RITES for a further US$ 400 million requirement for the northern rail line development project, which will also include new workshops and maintenance facilities in Anuradhapura, Vavuniya and Madawachchiya in addition to the rolling stock.

This requirement will be financed under the Indian line of credit and will complement the track development project presently been carried out by Ircon Ltd., also under the Indian line of credit, confirming the Indian Government’s commitment to supporting the development of infrastructure in the north and east after the end of the 30-year long civil war in the island.