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Sri Lanka expects to wrap up US$1.7bn LRT project finance by November

ECONOMYNEXT – Sri Lanka is expecting to wrap up financing for a 1.7 billion US dollar light rail transit project for the capital Colombo by November 2018, for construction to begin by 2020, officials said.

The feasibility study for the project was officially handed over the Sri Lanka’s Megapolis Minister Champika Ranawaka on June 29. The first light rail will run from Colombo’s Fort area to Malabe, which is the most congested traffic corridor in the city.

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