Cabinet approves to purchase 12 locomotive engines for Railway

Published : 9:11 am  June 14, 2018 | No comments so far |  |  (45) reads | 

Untitled-6 Cabinet approval has been granted on Tuesday to purchase 12 locomotive engines with the intention of enhancing up country’s railway service, Cabinet Spokesman, Lands and Parliamentary Reforms Minister Gayantha Karunatilaka said.   


Accordingly, the proposal made by Prime Minister Ranil Wickremesinghe to enter into an agreement for the provision of US$ 48.67 million (Rs.7, 500 million approximately) from Standard Chartered Bank upon the aid of Canada Exports Development Institute (CEDI) was approved by the Cabinet of Ministers.   


Cabinet on Tuesday approved the proposal made by Transport and Civil Aviation Minister Nimal Siripala De Silva to award the contract of purchase 160 passenger compartments under the Indian Loan Subsidy, to M/s Rights Ltd for US$ 82.63 million upon the recommendation of Cabinet Appointed Negotiation Committee.   

 

Prime Minister submitted a cabinet paper to obtain US $48.67 million to purchase 12 locomotive engines