Indian Railways to export 6 DEMU train sets to Sri Lanka
Thu, Aug 2, 2018, 09:11 am SL Time, ColomboPage News Desk, Sri Lanka.
Aug 02, Colombo: Indian Railways is exporting six DEMU diesel-electric multiple-units (DEMUs) train sets manufactured by Integral Coach Factory, a leading railway coach manufacturer located in Chennai, according to an Indian minister.
Each such set being sent to Sri Lanka consists of 13 coaches, totaling 78 coaches for six sets, Indian Minister of State for Railways Rajen Gohain said.
Speaking in the Lok Sabha the Indian Minister has said that these "DEMU sets are equipped with state-of-the-art three phase AC-AC propulsion system, superior suspension and superior interiors," Press Trust of India reported.
The Minister has disclosed that the Indian government has extended a Line of Credit (LoC) to Sri Lanka and several other countries for funding railway projects to export the rolling stock manufactured by Indian Railways.
Some of the countries benefited by this line of credit are Bangladesh, Myanmar, Angola, Sudan, Senegal, and Mali,
Sri Lanka's Department of Railway in March 2017 entered into an agreement with India to purchase ten train engines and six power sets made in India under India's credit line.
Sri Lanka has been granted USD 42 million for 10 engines, and USD 58 million for six power sets under the Indian Credit Line.
Carrying an interest rate of 1.75 percent, the line of credit will have a repayment period of 20 years. According to the agreement 75 percent of the goods and services should be sourced from India.
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