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GCF, SLEA forge 2026 partnership to drive economic recovery
The Gamani Corea Foundation has announced a collaboration with the Sri Lanka Economic Association (SLEA) for 2026, marking a renewed partnership between two institutions closely linked by history and shared purpose.
The collaboration commenced with the SLEA’s Annual International Conference held on 06 February, 2026, under the theme “Transforming the Services Sector for Economic Recovery in Sri Lanka.” The conference brought together economists, policymakers and academics to deliberate on strategies to strengthen the services sector as a driver of national recovery.
Founded in 1985 by the late Dr. Gamani Corea, who served as its Founder President, the SLEA was established as an independent economic think-tank, dedicated to serving the people of Sri Lanka through research, dialogue and policy advocacy. The decision to hold SLEA council meetings at the Gamani Corea Foundation reflects a continuation of Dr. Corea’s legacy of fostering intellectual exchange. During his lifetime, he regularly hosted economists and leading intellectuals at the Horton Lodge for discussion and debate on pressing economic issues.
The institutional ties between the two bodies run deep. Emeritus Chairperson of the Gamani Corea Foundation, Dr. Nimal Sanderatne, and former Foundation Board Member, Dr. Saman Kelegama, both served as Presidents of the SLEA, underscoring the longstanding relationship between the organisations.
News
Dalai Lama’s 91st Birthday celebrated here
A Maha Sangha Forum was held at the Biyagama Sri Bodhirukkharama Maha Viharaya to celebrate the 91st Birthday of His Holiness the 14th Dalai Lama.
Presided over by the Most Venerable Dr. Malwane Pannasara Mahanayake Thera, the event brought together 130 supreme monastic leaders from the Three Nikayas and over 300 lay devotees. including former Speaker Ashoka Ranwala, Biyagama Deputy Mayor Sugath Dissanayake, Former SJB Provincial Minister U George Perera, District Organiser SBP Jayantha Atapattu and SLPP Organiser Ajith Kumara graced the occasion.
Organised by the Foundation for Buddhist Brotherhood, led by Dr. Damenda Porage (IBC Deputy Secretary-General), Bodhirukkharama Maha Viharaya and Biyagama Tri-Nikayika Sangha Council, the forum highlighted India’s monumental role and Prime Minister Narendra Modi’s visionary state support in safeguarding the Tibetan Buddhist heritage.
The event concluded with seth pirith chanting invoking a long life of 130 years for His Holiness, followed by the signing of a historic joint blessing declaration.
Marking the occasion with compassion, the foundation’s Karuna Dhara Project distributed month-long essential nutritional packs to expectant mothers.
News
SLSTL: Broad to standard gauge conversion not a priority
Sri Lanka Society of Transport and Logistics (SLSTL) has urged the government to drop plans to convert the country’s broad-gauge railway network to standard gauge. SLSTL, in a statement issued to the media, has emphasised that transformation was not a priority at the moment.
The text of the statement: “The Sri Lanka Society of Transport and Logistics (SLSTL) has noted recent media reports that discussions are underway regarding the conversion of Sri Lanka’s railway network from broad gauge (1676 mm) to standard gauge (1435 mm).
While any effort to improve railway services is welcome, SLSTL is unable to identify any urgent technical, operational, or economic justification for such a large-scale conversion at this time. More importantly, there are several other railway improvement projects that could deliver far greater benefits at a much lower cost.
Our members have identified a number of serious concerns that should be carefully examined before any decision is taken.
* Massive cost of replacing sleepers
Sri Lanka Railways currently uses approximately 1.8 million concrete sleepers and about 600,000 wooden and steel sleepers. Converting the network would require replacing most of these. At current costs, sleeper replacement alone could exceed Rs. 50 billion.
* Railway bridges would need modification
Many existing railway bridges were designed for broad-gauge tracks. Conversion would require substantial modifications or complete replacement of some bridge structures.
* Existing trains and wagons would become obsolete
Most passenger coaches, locomotives, and freight wagons currently in service would no longer be compatible with the new track system and would need replacement, despite having many years of useful life remaining.
* Maintenance facilities would need major upgrading
Railway workshops, depots, and maintenance facilities across the country have been designed around broad-gauge operations. Significant investment would be required to modify these facilities.
* Existing spare parts stocks could become redundant
Large inventories of spare parts currently held by Sri Lanka Railways may become unusable, resulting in further financial losses.
* Risk of fragmenting the railway network
If only selected railway lines are converted, trains will not be able to move freely across the network. This could:
· Reduce operational flexibility
· Disrupt through-services
· Increase passenger inconvenience
· Require duplicate maintenance facilities
· Increase operating costs
It should be noted that the broad-gauging of the Kelani Valley line helped sustain operations on that corridor by enabling common rolling stock and maintenance facilities.
* Additional Complexity at Junctions
If standard-gauge tracks are laid alongside existing broad-gauge lines, especially on approaches to Colombo, additional crossings and switching arrangements will be required. These will increase:
· Construction costs
· Maintenance requirements
· Operational complexity
* Station and platform alterations
Many stations and platforms would require modification to accommodate standard-gauge operations, resulting in additional expenditure.
* A potential cost exceeding Rs. 100 bn
Taken together, these issues could result in costs exceeding Rs. 100 billion, while also creating significant operational challenges.
Is standard gauge really necessary?
The main argument advanced in favour of standard gauge appears to be the wider global availability of rolling stock. However:
· India operates approximately 66,000 km of broad-gauge railway lines.
· For decades, countries such as the United Kingdom, Germany, France, and Canada successfully supplied broad-gauge rolling stock to Sri Lanka despite using standard gauge in their own railway systems.
· Railway rolling stock is normally manufactured to order and is not purchased off-the-shelf.
Therefore, the claim that converting to standard gauge would significantly reduce rolling-stock procurement costs has not yet been supported by evidence.
What should be the priority?
SLSTL believes that Sri Lanka can achieve much greater improvements by focusing on:
· Railway electrification
· Rapid suburban rail services
· Modern signalling systems
· Improved railway operations
· Expansion of freight rail services
These measures can improve service quality, increase passenger capacity, reduce congestion, and strengthen the financial performance of Sri Lanka Railways at a fraction of the cost of network-wide gauge conversion.
SLSTL respectfully submits that converting Sri Lanka’s railway network from broad gauge to standard gauge should not be considered a national priority unless supported by a comprehensive technical, operational, and economic evaluation.
At a time when many urgent railway improvements remain unimplemented, national resources should be directed towards projects that provide the greatest benefit to passengers, freight users, and the national economy.
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Tamil-speaking parties demand PC polls
Six Tamil-speaking political parties yesterday (13) demanded that the government conduct the long-delayed Provincial Council elections without further delay.
Representatives of the All Ceylon Makkal Congress (ACMC), Ceylon Workers’ Congress (CWC), Democratic Tamil National Alliance (DTNA), Ilankai Tamil Arasu Katchi (ITAK), Sri Lanka Muslim Congress (SLMC), and Tamil Progressive Alliance (TPA) announced the agreement at Renuka Hotel, in Colombo.
The media was told that they reached consensus on four key areas, including the enactment of a new constitution, conducting Provincial Council elections, addressing land-related issues affecting all communities and resolving minority-related concerns through dialogue. Former ministers Rauff Hakeem, Mano Ganeshan and Jeevan Thondaman, as well as M.A. Sumanthiran and Selvam Adaikalanathan, were present.
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