The Sri Lankan contract signing ceremony. Credit: © High Commission of India, Colombo.

India has signed an $82.64m contract agreement to deliver 160 passenger coaches to Sri Lanka Railways under a concessional financing arrangement.

The agreement was signed by India’s state-owned engineering consultancy company RITES and the Government of Sri Lanka’s Ministry of Transport and Civil Aviation.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

In June 2017, the EXIM Bank of India and the Government of Sri Lanka signed a $318m line of credit (LoC) agreement for the supply of railway rolling stock, as well as modernisation of rail tracks.

The supply of 160 passenger coaches is part of the LoC.

All coaches being supplied will be customised to meet requirements of Sri Lanka Railways.

“The new passenger coaches will be used to serve the growing demand of railway services due to increase in road congestion.”

A Sri Lankan Ministry of Transport official stated that the new passenger coaches will be used to serve the growing demand of railway services due to increase in road congestion, as well as supporting tourism, reported dailynews.lk.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The new coaches will also enable the state railways to retire the older units, the official added.

Alongside the passenger coaches, India is set to supply six DMUs, ten locomotives, 20 container carrier wagons and 30 fuel tank wagons to Sri Lanka.

The DMUs and locomotives will be delivered by RITES, while Texmaco Rail & Engineering is responsible for supplying the wagons.

Overall, India is estimated to have completed nearly $1bn of projects under concessional financing in the Sri Lankan railway sector.

Delivery of passenger coaches is a part of this continued collaboration.