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Making history as a revolution of the transportation system of Sri Lanka, the Government of Sri Lanka (GoSL) has officially announced to introduce a Light Rail Transit (LRT) System under the financial assistance by Japan International Cooperation Agency (JICA).

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Cabinet last week approved a Finance Ministry proposal to obtain a loan of US $ 1.85 billion from JICA for the Colombo Light Rail Project, a 17-km long elevated railway line from Colombo Fort to Malabe, at a concessionary interest rate of 0.1%, repayable within 40 years with a 12-year grace period.

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