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India spent over USD one bn to upgrade railway sector here – Indian HC Colombo

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Indian HC Jha lighting the traditional oil lamp while Minister Gunawardena and State Minister Bandara look on (pic courtesy IHC)

The Indian High Commission on Sunday (07) declared that in spite of the debt repayment suspension announced by Sri Lanka in April 2022, the Modi government continued to extend assistance to the southern neighbour under various Lines of Credit (LOCs).

In September 2023, the Ministry of Transport and Highways of Sri Lanka and IRCON International signed a new Contract for design, installation, testing, and commissioning of a Signalling system for Sri Lanka Railways, from Maho to Anuradhapura, at a cost of USD 14.90 million under an Indian LOC, the HC stated.

The following is the text of a statement issued by the HC after Transport and Highways Minister Bandula Gunawardena and High Commissioner of India to Sri Lanka Santosh Jha on Sunday ceremonially launched track rehabilitation work at Galgamuwa Railway Station commencing upgrading of the Railway Line including ancillary works from Maho to Anuradhapura, the second phase of a Line of Credit project for track rehabilitation from Maho- Omanthai (128Km) being undertaken by an Indian Public Sector company, IRCON, under an Indian Line of Credit (LOC) of USD 318 million.

The cost of the entire project is USD 91.27 million of which the 2nd phase of rehabilitation from Maho-Anuradhapura is scheduled to be completed in a period of six months. Hon. State Minister of Mass Media Shantha Bandara and senior officials from the Sri Lankan Ministry of Transport were also present at the event.”

The statement quoted the Minister of Transport as having thanked India for the support extended to Sri Lanka, especially in the transport sector. Appreciating the work carried out by IRCON in Sri Lanka in the past few years, he called for greater Railway cooperation between the two countries.

The High Commissioner expressed happiness that as a long-standing development partner of Sri Lanka, India had executed projects for development and rehabilitation of Sri Lanka’s Northern and Southern Railway line over the past several years, in line with the priorities and requirements of the Government of Sri Lanka. He underscored the importance of modernization of Railways in enhancing mobility of goods and services in Sri Lanka thereby boosting economic activity.

“Railways has been one of the priority sectors for Government of India’s assistance to Sri Lanka. Till date, India has executed projects of over USD 1 billion in the Railways sector under 5 Indian LOCs. India’s public sector company, IRCON, started its operations in Sri Lanka in March 2009 and has contributed towards modernization of Sri Lanka Railways by reconstructing the entire railway line network in Northern Province (253 Km) and upgradation of Southern line (115 km). It has also contributed to ensuring safety and reliability through a modern signaling & telecommunication system on 330 km stretch of Railway line.”



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Free 14 day visa extension for visitors unable to depart Sri Lanka

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The Department of Immigration and Emmigration has decided effective from 28th February 2026,  to grant a free fourteen  (14) day visa extension to all tourists who are unable to leave Sri Lanka  due to flight cancellations.

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Maldives Coast Guard Ship Huravee arrives in Colombo

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The Maldives Coast Guard Ship Huravee arrived at the Port of Colombo for replenishment purposes on 02 Mar 26. The visiting ship was welcomed by the Sri Lanka Navy (SLN) in compliance with time-honoured naval traditions.

The ship is a 48.9m long Offshore Patrol Vessel which is commanded by Lieutenant Colonel Ahmed Nafiu Mohamed.

Meanwhile, the ship’s crew is scheduled to visit several tourist attractions in the city of Colombo, during their stay in the island.

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AKD warns of far reaching economic consequences of Middle East war

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Anura

President Anura Kumara Dissanayake yesterday called for an immediate and peaceful resolution of the escalating Middle East conflict, warning that the crisis could have far-reaching repercussions on the global economy, including Sri Lanka.

Addressing Parliament, the President stressed that no military conflict benefited humanity, particularly at a time when destructive military technologies were rapidly advancing.

“Any military conflict does not create a favourable situation for any group of people,” he said, urging all parties to make urgent commitments towards peace. “As Sri Lanka, our position is that all parties involved in this war must, as soon as possible, take steps toward a peaceful world.”

He cautioned that Sri Lanka could not remain insulated from the fallout from the conflict, noting that disruptions to global oil and gas supplies, threats to migrant workers in the Middle East, and potential shocks to tourism, remittances, shipping and aviation were real concerns.

A national programme was being formulated to mitigate the impact, he said, adding that its success would hinge on broader international efforts to restore stability, the President said.

Acknowledging public anxiety shaped by past economic hardships, President Dissanayake said social stability could not be ensured through rhetoric alone but required tangible guarantees that citizens would not face another crisis.

While noting that the government had successfully navigated multiple challenges since assuming office, he described the Middle East situation as distinct due to the uncertainty surrounding its duration and outcome.

The government, he said, was closely monitoring developments. The Central Bank had conducted a review with a report on the likely economic impact expected shortly. The Ministry of Finance is also preparing an assessment of the potential effects on public life, alongside measures to ensure the uninterrupted provision of essential services locally and for Sri Lankans overseas.

“The primary responsibility for finding a path out of the crisis rests with the Government,” he said, calling on Parliament and the public to collectively confront the challenge under a unified national plan.

Providing a detailed account of the country’s energy reserves, the President said storage capacity rather than supply remained the key constraint. Excluding the Indian Oil Corporation tanks in Trincomalee, total storage capacity at Kolonnawa and Muthurajawela stands at approximately 150,000 metric tons.

Diesel stocks were currently sufficient for 33 days, with refining contributing around 1,800 metric tons daily. Petrol reserves will last 27 days, with a 35,000 metric ton shipment due on March 7 or 8 expected to extend availability to around 40 days.

Aviation fuel stocks are adequate for 49 days, supported by both daily refining and imports. Scheduled shipments include vessels from RM Parks on March 14, Sinopec on March 17, IOC on March 21 and the Ceylon Petroleum Corporation on March 28.

Crude oil supplies were sufficient to operate the refinery for 26 days, with an additional shipment expected to extend operations by a further 18 days, the President said.

“Because of this, there is no crisis regarding oil,” the President assured Parliament.

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