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Press briefing of Cabinet Decision taken on 2018-06-12
Securing of funds for the purchase of Railway Locomotives
- The approval of the Cabinet had been granted previously, to purchase 12 Railway Locomotives for the Sri Lanka Railways with the objective of improving the Upcountry Railway Line operations. Accordingly, the proposal made by Hon. Ranil Wickremasinghe, the Prime Minister in his capacity as the Minister of National Policies and Economic Affairs, to enter into an Agreement to secure a sum of US$ 48.67 million as funds necessary for the purpose, from the Standard Chartered Bank with the collaboration of the Export Development Canada, was approved by the Cabinet.