Sri Lanka has successfully completed trials of an AC train supplied by India under a USD 318 million line of credit extended to the friendly neighbour in 2014-15
<p>
Sri Lanka has successfully completed trials of an AC train supplied by India under a USD 318 million line of credit extended to the friendly neighbour in 2014-15, according to a statement issued by the Indian High Commission in Colombo.</p>
<p>
&quot;Officials from the High Commission of India accompanied by representatives from RITES and the Sri Lankan Railways travelled aboard an air-conditioned train [AC Diesel Multiple Unit (DMU)] on its successful trial run in Sri Lanka on 18 February 2022,&quot; the statement said.</p>
<p>
&quot;The USD 318 million LoC was finalized in 2014-15 for the supply of railway rolling stock, upgradation of railway tracks and other mutually agreed projects in accordance with request and requirements of the Government of Sri Lanka,&quot; the statement added.</p>
<p>
&quot;Proud of India-Sri Lanka cooperation for providing people with dependable and world-class railway facilities,&quot; the High Commision stated in a tweet.</p>
<p>
India had also provided financial assistance of 2.4 billion USD to Sri Lanka following a two-day official visit of the Sri Lankan Foreign Minister, GL Peiris to India from February 6 to 8.</p>
<p>
Besides, India had rushed diesel supplies to the island nation this month after it ran out of fuel due to a foreign exchange crunch.</p>
<p>
<strong>Also read: <a href="https://www.indianarrative.com/economy-news/india-rushes-diesel-to-colombo-as-cash-strapped-sri-lanka-runs-out-of-fuel-150704.html">India rushes diesel to Colombo as cash-strapped Sri Lanka runs out of fuel</a></strong></p>
In a retaliatory move, China on Wednesday announced it will increase its tariff on US…
President Droupadi Murmu held a meeting with her Slovakian counterpart Peter Pellegrini in Bratislava on…
Union Minister for Agriculture & Farmers' Welfare and Rural Development, Shivraj Singh Chouhan, led a…
External Affairs Minister S Jaishankar on Wednesday expressed concerns about radicalizing tendencies, attacks on minorities,…
A tragic traffic accident in the Bagardo area of Pakistan-occupied Gilgit-Baltistan (PoGB) has once again…
A sharp rise in alleged extrajudicial killings of forcibly disappeared individuals in Balochistan has sparked…