EXIM Bank of India team visits Northern Railway Projects
View(s):A team from the Export-Import (EXIM) Bank of India recently visited the project sites of the 252 km long Northern Railway line currently being executed by Ircon International Ltd, a subsidiary of Indian Railways.
EXIM Bank is the premier export finance institution of India, set up in 1982 under the Export-Import Bank of India Act 1981.
A team from the EXIM Bank of India comprising the Bank’s General Manager, Ms. Harsha Bangari, Assistant General Manager, Ambrish Bhandari and Chief Manager, Ms. Shalmali Jadhav undertook a site visit on July 2-24 to review the progress of the Northern Railway Lines, according to an IRCON media statement.
The US$652 million project of re-constructing the northern railway track from Medawachchiya to Talaimannar Pier and from Omanthai to Kankesanthurai is funded by the Indian Line of Credit of the EXIM Bank.
The first segment of this project- completed track from Medawachchiya to Madhu Road (43km) – was handed over to the Government of Sri Lanka on May 14, 2013 for commercial operations. According to IRCON General Manager S. L. Gupta, the second segment of the project from Omanthai to Kilinochchi, covering a distance of 63 km, is scheduled to be opened shortly.
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