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Rebuilding nation on rails: Eng. Rampala Memorial Oration calls for bold railway reforms

Daily FT

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November 18, 2025

Freight, which ought to be a cash cow, makes up less than 1% of the national freight market Non-fare revenue-despite having over 14,000 acres of land in its possession-is minimal In 2022, over 60% of long-distance trains were more than 30 minutes late, further eroding public confidence Prof. H.R. Pasindu presents comprehensive and transformative restructuring framework based on internationally accepted best practices, adapted to the local context of Sri Lanka Moots role separation: a new State-owned Sri Lanka Railways to own land, tracks, and infrastructure; an independent Sri Lanka Railways Regulatory Commission to enforce safety, pricing, standards, and licencing; a dedicated rolling-stock company to manage locomotives and carriages; and multiple train service operators selected through a transparent, competitive bidding process to run passenger and freight services This model, while ensuring that State retains ownership of national assets, replaces direct political management with a commercially disciplined structure Allows private sector participation- not outright privatisation-but through concessions and through Public Service Contracts

Rebuilding nation on rails: Eng. Rampala Memorial Oration calls for bold railway reforms

MECHANICAL Engineering Sectional Committee of the Institution of Engineers, Sri Lanka (IESL) held the prestigious Eng. B.D. Rampala Memorial Oration 2025 on 14 November, where policymakers, engineers, academics, and transport-sector stakeholders came together to reflect upon the legacy of one of the greatest engineering pioneers of this nation-and to consider the urgent reforms needed to revive railway system of Sri Lanka.

Delivered by Prof. H.R. Pasindu the oration, titled"Framework for Restructuring Railways for an Efficient and Integrated Transport System", offered a compelling and data-driven roadmap to transform Sri Lanka Railways into a modern, reliable, and economically sustainable national asset.

The event was a tribute to Eng. B.D. Rampala, the first Sri Lankan Chief Mechanical Engineer and visionary General Manager of the then Ceylon Government Railways, widely remembered as the architect of the railway's golden era. Between 1955 and 1970, his leadership was characterised by innovation, discipline, and relentless pursuit of service excellence.

From dieselising the network and modernising the signalling systems to introducing iconic express services such as Ruhunu Kumari, Yal Devi, Udarata Menike, and Samudra Devi, his contributions revolutionised railway travel and shaped Sri Lankan transport culture for generations.

MÁS HISTORIAS DE Daily FT

Daily FT

Zohran Mamdani sworn in as New York City Mayor, creating history

Mamdani, the US city’s first Muslim Mayor, is also youngest person to be inaugurated in generations

time to read

2 mins

January 02, 2026

Daily FT

Daily FT

Ferentino Tyres redefines OEM tyre market in Sri Lanka with 75% value share

FERENTINO Tyres has emerged as the undisputed leader in Sri Lanka's Original Equipment Manufacturer (OEM) tyre market, commanding an extraordinary 75% value share, the company stated.

time to read

1 min

January 02, 2026

Daily FT

Daily FT

First international jewellery fair for 2026 FACETS Sri Lanka opens tomorrow

SRI Lanka is set to welcome the global gem and jewellery fraternity tomorrow as FACETS Sri Lanka 2026, the country's flagship gem and jewellery exhibition, opens its doors at The Forum, Cinnamon Life at City of Dreams, Colombo.

time to read

1 mins

January 02, 2026

Daily FT

Daily FT

Dollar posts worst annual fall in eight years, more weakness seen in 2026

THE dollar ended 2025 with the sharpest annual retreat in eight years and investors say more declines are coming if the next Federal Reserve Chief opts for deeper interest rate cuts as anticifor deeper interest rate cu pated.

time to read

2 mins

January 02, 2026

Daily FT

PABC begins New Year defined by people, purpose, and courage to move

PAN Asia Bank yesterday marked the New Year with a moment of reflection, not on numbers alone, but on the deeper forces that shape progress over time.

time to read

1 mins

January 02, 2026

Daily FT

CEB seeks to recover Rs. 13 b from 11.7% tariff hike in 1Q

4,453 GWh net generation forecast for 1Q based on IMF GDP growth forecast of 3.1% and applied demand growth rate of 3.72% Ditwah damage to transmission towers, distribution lines and access roads adds to emergency repair and maintenance costs estimated at Rs. 20 b Rs. 5.8 b unrecovered revenue from delayed past tariff revisions and restoration of curtailed Return on Assets tighten cost recovery ahead of review by PUCSL

time to read

3 mins

January 02, 2026

Daily FT

Heshan Peiris joins Ceylinco Holdings’ Board

CEYLINCO Holdings PLC has appointed Heshan Peiris to its Board as an Independent NonExecutive Director.

time to read

1 min

January 02, 2026

Daily FT

Daily FT

SLIC Life and SLIC General inaugurate business operations for 2026

SRI Lanka Insurance Corp. General inaugurates business operations for 2026

time to read

4 mins

January 02, 2026

Daily FT

SPAR Group, South Africa, pledges Rs. 35 m to 'Rebuilding Sri Lanka' Fund

SPAR Group, South Africa has pledged Rs. 35 million to the Rebuilding Sri Lanka Fund, reinforcing its support for nationwide recovery efforts following Cyclone Ditwah.

time to read

1 min

January 02, 2026

Daily FT

Ceylon Cold Stores wins top honour at Sri Lanka National Quality Awards 2023

CEYLON Cold Stores PLC (CCS) has achieved a major national milestone by being named the Winner Award recipient at the Sri Lanka National Quality Awards 2023, under the Large, Manufacturing Category.

time to read

2 mins

January 02, 2026

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