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Sunday, 4 August 2013

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EXIM Bank team visits Northern railway projects



EXIM Bank officials of India inspecting the work in progress

A team from the EXIM Bank of India visited the project sites of the 252 km long Northern Railway line, currently being executed by Ircon International Limited, a subsidiary of the Indian Railways. A team from the EXIM Bank of India comprising the Bank's General Manager, Mrs. Harsha Bangari, the Assistant General Manager, Ambrish Bhandari and the Chief Manager, Shalmali Jadhav undertook a site visit on July 23 and 24 to review the progress of the Northern Railway Lines.

The team was accompanied by Manish, Counsellor (E&C) of the High Commission of India, IRCON's General Manager, S. L. Gupta and other officials of IRCON. The USD 652 million project of re-constructing the railway lines in the Northern Province of Sri Lanka from Medawachchiya to Talaimannar Pier and from Omanthai to Kankesanthurai is funded by the Indian Line of Credit of the EXIM Bank of India.

The first segment of this project, namely the completed track from Medawachchiya to Madhu Road (43km) was handed over to the Government of Sri Lanka on May 14 2013 for commercial operations.

According to the General Manager of IRCON, S.L. Gupta, the second segment of the project from Omanthai to Kilinochchi, covering a distance of 63 km, is scheduled to be opened shortly.

The re-construction of the Northern Railway Line is the second railway project funded through the EXIM Bank of India.

Previously the Bank was associated with the USD 78 Million project of the up-grading the coastal railway line from Matara to Kalutara South, which was successfully completed by IRCON in April 2012.

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