Sri Lanka signs agreement with India to upgrade railway lines

Sri Lanka has signed an agreement with India to upgrade tracks in a key railway segment connecting the north and south at a cost of $ 91.26 million.

This is the first time in 100 years that the 130 km-long-tracks, running from Maho town in the North Western Province to Omanthai in the Northern Province, are being upgraded.The contract agreement for concessional financing was signed in Colombo between the Government of Sri Lanka and IRCON International Ltd (India).

Static/Current Takeaways Important For SBI PO/Clerk Main: 

  • Chairman & Managing Director, IRCON: Sunil Kumar Choudhury.

Source: The Hindu

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