now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Asia Connect
Rail line rolls into action in Sri Lanka
The new track represents the first major rail extension since 1948, Sri Lanka’s year of independence from Britain, with Chinese-backed projects now taking centre stage
Michael Marray 16 Apr 2019

The Sri Lankan government has opened a railway line extension running between Matara and Beliatta in the far south of the island.

The 26.75-kilometre-long Matara-Beliatta railway extension was declared open to the public on April 8 by transport and civil aviation minister Arjuna Ranatunga, in a ceremony also attended by finance minister Mangala Samaraweera.

The project was financed by China Exim Bank, in support of a contract awarded to China National Machinery Import and Export Corporation. The main contractors were China Railway Group 5 and Sri Lanka’s Central Engineering Consultancy Bureau.

Speaking at the launch ceremony, Ranatunga said that the railway extension project would benefit the local population immensely, especially those living in Matara and Hambantota areas.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       The Matara-Beliatta railway line is the first to be constructed in Sri Lanka since 1948, and includes the longest and second-longest railway bridges of 1.5 kilometres and 1.04 kilometres respectively. The journey takes about an hour.

Ranatunga said that the remaining work of expanding the railway line from Beliatta to Hambantota and then to Kataragama (in the Uva province) would commence soon.

Hambantota Port is majority-owned by China Merchants Port Holdings under a concession agreement, and represents by far the most important China-led infrastructure project in Sri Lanka.

Conversation
Mildred Chua
Mildred Chua
managing director and group head of syndicated finance
DBS
- JOINED THE EVENT -
In-person roundtable
Finding opportunity amid volatility
View Highlights
Conversation
Abhishek Tyagi
Abhishek Tyagi
vice president, senior credit officer, project & infrastructure finance
- JOINED THE EVENT -
8th Asia Sustainable Infrastructure Finance Leaders Dialogue
Leading the way in sustainable infrastructure
View Highlights