EXIM bank team visits Lanka to monitor India-funded projects

A team from EXIM bank has visited Sri Lanka this week to monitor the progress of projects funded by India mainly in the railway sector.
Export-Import Bank of India (EXIM) team visited sites of the Northern Railway Rehabilitation Project, including Kankasanthurai Railway Line, Omanthai - Pallai railway line, Thalaimannar - Madhu Road Railway Line, Medawachchiya - Madhu Road railway line from February 13-16, the Colombo Page reported.
India has provided concessionary credit facilities amounting to about USD 800 million to Sri Lanka to undertake the Northern Railway Rehabilitation Project.
They also evaluated the signaling and telecommunication system installed under the Lines of Credit (LoC).

IRCON International implemented the project, including track upgradation and setting up of signaling and communication infrastructure.
The team also called on Sri Lanka Minister of Transport and Civil Aviation, Nimal Siripala De Silva and senior railway officials.
"India remains committed to strengthening its bilateral relationship with Sri Lanka, including through closer economic ties, enhancing connectivity and other linkages, and continued development partnership," the Indian High Commission in Colombo said in a statement.