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First payment released for signalling and telecommunication project on Maho-Anuradhapura railway line
Daily FT
|August 01, 2025
THE Government of India has released the first instalment, amounting to around $2.5 million (approximately Rs. 770 million), for the installation of an advanced signalling and telecommunication system along the Maho-Anuradhapura railway line.
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This marks another key milestone in India-Sri Lanka cooperation in the railway sector.
The project was jointly launched by the Prime Minister of India and the President of Sri Lanka during the recent high-level visit in April 2025. Initially envisaged as a Line of Credit (LoC) project at a cost of $ 14.89 million, it was later converted into a grant by the Government of India during the State visit of the President of Sri Lanka to India in December 2024. It is being executed by Indian Public Sector Undertaking, Ircon International Ltd.
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