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Srei may pull out of Colombo metro project

Srei Infrastructure Finance (SIFL) may pull out of the proposed 23-km metro rail project in Colombo due to the political unrest in the island nation. The Kolkata-based infrastructure finance company was leading the consortium appointed by the Sri Lankan government for developing the $1.6-2 billion mass rapid transport system. “We were very keen on the project, but the political situation in the country has worsened in the last few months making it unviable to continue. Last month, we had sent a team for project-related work, but they had to return within 24 hours as there was curfew ...