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Japan+loans+48+billion+rupees+toward+a+light+rail+transit+system
Tuesday, 12 March 2019 - 8:53
Japan loans 48 billion rupees toward a light rail transit system
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The Japan International Cooperation Agency signed a loan agreement with the Government of the Sri Lanka yesterday to provide a Japanese Official Development Assistance loan of up to 48 billion rupees for the Establishment of a Light Rail Transit System in Colombo.

The objective is to boost the transportation capacity and improve the safety and comfort of public transportation by introducing a light rail transit system with 16 stations distributed over 15.7 kilometers of track in and around Colombo.

The project aims to improve the urban environment through a reduction in air pollution and other traffic pollution and to stimulate socioeconomic activities in the area.
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