A major property development programme along the coast of the Indian Ocean is at the heart of the Sri Lankan government’s plans to revive its ailing state railway. A road-show for potential investors is to take place in Dubai, Singapore and Hong Kong, showcasing opportunities to develop 12 station sites overlooking the ocean. The Strategic Enterprises Management Agency hopes that hotels, apartments and offices can be built on Sri Lankan Railways property, most likely above the stations. SEMA hopes to raise up to US$1?2bn under the plan, which will be used to revitalise the coastal railway service around Colombo. SLR hopes to introduce a regular-interval suburban service along the Slave Island - Panadura route using air-conditioned stock from 2009.
Related articles
-
NewsSpain to support Indian railway development
INDIA: Spain’s Ministry of Transport & Sustainable Mobility has signed a memorandum of understanding to support Indian Railways in developing and upgrading its network. The initial agreement runs for five years, when a number of pilot projects are envisaged, to be followed by automatic annual renewals. ...
-
NewsManchester to host the 2025 Rail Business Awards
UK: The annual Rail Business Awards which recognise and reward excellence across every aspect of the industry will be back in Manchester in 2025.
-
NewsInternational Level Crossing Awareness Day focuses on vulnerable people
INTERNATIONAL: ‘Beware of trains. Life can change in a split second’ is the slogan for the 16th International Level Crossing Awareness Day, which this year has a particular emphasis on the safety of vulnerable people. Around 50 countries take part in the annual ILCAD campaign which ...