Global InformationWestern Region Megapolis Light Rail Transit information
| Western Region Megapolis Light Rail Transit කොළඹ සැහැල්ලු දුම්රිය සංක්රමණ පද්ධතිය கொழும்பு இலகு ரக இருப்புப்பாதை | |
|---|---|
| Overview | |
| Area served | Western Region Megapolis |
| Locale | Colombo District/Western Region Megapolis |
| Transit type | Light Rail/Light Metro/Light Rapid Transit |
| Number of lines | 4 (proposed)[1] |
| Technical | |
| System length | 98.3 km (61.1 mi) |
The Western Region Megapolis Light Rail Transit System (Sinhala: කොළඹ සැහැල්ලු දුම්රිය සංක්රමණ පද්ධතිය. Tamil: கொழும்பு இலகு ரக இருப்புப்பாதை கட்டமைப்பு) (previously referred to as the Colombo Light Rail ) is a proposed metropolitan light rail system which will serve the designated Western Region Megapolis area within the Colombo District, Sri Lanka.[1] The system is planned to be operated as a public-private partnership between the Government of Sri Lanka and selected private entities.[2]
The project estimated to be worth US$1.5 billion was commenced during the presidency of Maithripala Sirisena in 2017 and was regarded as the largest single foreign-funded infrastructure project in Sri Lanka. The funding came from the Japan International Cooperation Agency which provided an extremely low-interest loan with an interest rate of only 0.1% which is repayable over 40 years with a 12-year grace period. In September 2020 president Gotabaya Rajapaksa unilaterally cancelled the project[3][4][5] resulting in the government incurring billions of rupees in losses [6] and compensation for consultants .[7] The cancellation also severely impacted relations with Japan which had been a major source of financial and technological assistance to Sri Lanka making Japan unwilling to provide further aid to the Rajapaksa administration.[8]
In December 2022 newly appointed president Ranil Wikremesighe announced the government is attempting to revive the project after the ousting of the president Gotabaya Rajapaksa.[9] However the Japanese government has stated that it has not decided on reviving the project and is monitoring if the Sri Lankan government can carry out reforms to regain the trust of Japan and the business community.[10]
- ^ a b Western Region Megapolis Transport Master Plan: Final Report, November 2016. Ministry of Megapolis & Western Development. November 2016. Retrieved 6 February 2018.
- ^ Gunasekara, Skandha (23 November 2017). "Light Rail project to kick off in December 2018". ft.lk. Daily Financial Times. Retrieved 6 February 2018.
- ^ "Sri Lanka scraps $1.5bn Japan-funded light rail system". France 24. 2020-09-24. Retrieved 2021-06-19.
- ^ Weerasooriya, Sahan. "Cancellation of light rail project". Retrieved 2021-06-19.
- ^ "Sri Lanka president orders immediate termination of Japan-funded light rail project". EconomyNext. 2020-09-23. Retrieved 2021-06-19.
- ^ "Sri Lanka : Unilaterally terminating Light Rail project cost nearly Rs. 6 Billion to Sri Lanka, audit report reveals". www.colombopage.com. Retrieved 14 December 2022.
- ^ "Japan firm claims damages of LKR 5.8bn from Sri Lanka after LRT deal scrapped". EconomyNext. 2021-06-18. Retrieved 2021-06-19.
- ^ "Crisis-hit Sri Lanka in the process to mend Japanese ties after cancelling LRT, ECT projects". EconomyNext. 16 June 2022. Retrieved 20 June 2022.
- ^ "Light Rail Transit project to resume".
- ^ "Japan yet to consider revival of Light Rail Project". NewsWire. 30 March 2023. Retrieved 25 May 2023.