Minister of Transport, Highways and Mass Media of Sri Lanka – Dr. Bandula Gunawardena and High Commissioner of India to Sri Lanka – Mr. Santosh Jha has launched the 2nd phase of the project for track rehabilitation from Maho- Omanthai (128Km) being undertaken by an Indian Public Sector company, IRCON, under an Indian Line of Credit (LOC) of USD 318 million.
The rail track rehabilitation work at Galgamuwa Railway Station was ceremoniously launched yesterday (Dec. 07).
The cost of the entire project is USD 91.27 million and the 2nd phase from Maho to Anuradhapura is scheduled to be completed in a period of six months.
State Minister of Mass Media – Mr. Shantha Bandara and senior officials from the Sri Lankan Ministry of Transport were also present at the event.
In his remarks, the Minister of Transport thanked India for the support extended to Sri Lanka, especially in the transport sector. Appreciating the work carried out by IRCON in Sri Lanka in the past few years, he called for greater Railway cooperation between the two countries.
The High Commissioner expressed happiness that as a long-standing development partner of Sri Lanka, India had executed projects for development and rehabilitation of Sri Lanka’s Northern and Southern Railway line over the past several years, in line with the priorities and requirements of the Government of Sri Lanka. He underscored the importance of modernization of Railways in enhancing mobility of goods and services in Sri Lanka thereby boosting economic activity.
India has provided over USD 1 billion in railway projects to Sri Lanka under five Indian LOCs, with IRCON contributing to modernization by reconstructing the Northern Province railway line network and upgrading the Southern line.
Via a contemporary signaling and telecommunication system, it has also helped to guarantee safety and dependability throughout a 330 km section of the railway line.
03 young Sri Lankans have been featured in the Forbes’ 30 Under 30 Asia list for 2025.
They are : Nikin Matharaarachchi, in 2021, founded Sri Lanka-based Synapse AI Labs is the company behind Kommon Poll, an AI-powered social listening tool. Kommon Poll provides businesses marketing insights by analyzing keyword performance across multiple online platforms, including news sites, blogs and social media.
Charith N Silva, known for videos showing him preparing dishes in outdoor settings, launched the YouTube channel ‘Wild Cookbook’ in 2020 during the pandemic. With over 600 videos, ‘Wild Cookbook’ is now Sri Lanka’s largest YouTube channel with over 10 million subscribers, and Silva has over 2.3 million Instagram followers. In November 2024, he opened a restaurant in Colombo called Wildish.
Yanika Amarasekera-Siyaguna, a UC Berkeley and Imperial College London alumna, founded Silver Aisle, Sri Lanka’s first online wedding registry, in 2019. The e-commerce platform has since expanded beyond wedding gifts to include presents for all occasions as well as dining ,vacation packages and lessons in horse riding, golf and pottery, among others. In 2023, Amarasekera-Siyaguna was appointed an independent director of LB Finance, one of Sri Lanka’s largest finance firms.
Sri Lanka and India have signed a USD 930.8 million debt restructuring deal recently on Sri Lanka’s present External Debt Restructuring Process.
The signing of Bilateral Amendatory Agreements between the Government of Sri Lanka and the Export-Import Bank (EXIM) of India took place on March 25, 2025 and April 03, 2025, respectively.
The deal concerns 07 Line of Credit and 04 Buyer’s Credit Facility agreements with the Government of India.
Secretary of the Ministry of Finance, Planning, and Economic Development, Mr. K.M. Mahinda Siriwardana, signed the agreements on behalf of the Sri Lankan Government.
General Manager of the EXIM Bank of India, Mr.Nirmit Ved, signed the Line of Credits, and Deputy General Manager of the EXIM Bank of India, Mr. Amith Kumar, signed the Buyer’s Credit Agreements.
Issuing a statement, the Ministry of Finance, Planning and Economic Development stated that the signing of these bilateral amendatory agreements marks a significant milestone in Sri Lanka’s ongoing External Debt Restructuring Process.
A total of 965 people have died between January 01 – May 13 due to various road accidents across Sri Lanka.
During this period,1,842 accidents including 902 fatal accidents were recorded, according to police reports.
The main causes cited for these accidents include negligence, reckless driving and improper vehicle maintenance.
To address the rising number of accidents, police have planned a special island-wide program focused on reducing traffic incidents, including driver awareness initiatives.