Sri Lanka to spend US$600 million on first rapid transit metro system

Sri Lanka’s Airport Express Air and Rail (AEAR) is planning to build the first rapid transit metro system in the country at a cost of US$600 million. US-based Louis Berger and India-based KPMG Mumbai have been hired to conduct a technical study and a feasibility study for the project. Construction is scheduled to start in early 2013 after approvals are granted and the studies are completed. The system is scheduled to be operational by 2016.
April 3, 2012 Read time: 1 min
Sri Lanka’s Airport Express Air and Rail (AEAR) is planning to build the first rapid transit metro system in the country at a cost of US$600 million. US-based 4736 Louis Berger and India-based 1981 KPMG Mumbai have been hired to conduct a technical study and a feasibility study for the project. Construction is scheduled to start in early 2013 after approvals are granted and the studies are completed. The system is scheduled to be operational by 2016.

For more information on companies in this article

Related Content

  • National funding cuts cause fragmentation of US ITS market
    February 1, 2012
    Paul Everett, Research Director with IMS Research, looks at how ITS deployment varies across the US and what this means in terms of market potential for systems manufacturers and suppliers At the end of 2010, the US will have a total resident population of close to 310 million, rising to an estimated 439 million by 2050.
    Read More
  • Canada’s infrastructure sector set to be one of the best performing
    November 20, 2013
    In their latest findings on Canada’s infrastructure sector, Business Monitor has revised down their outlook for the overall construction industry in Canada for 2013 to 2.2 per cent. This is being driven by a sharper than expected contraction in industry value creation from the residential and non-residential building segment. Despite this, they anticipate a slight pick-up in the second half of the year will ensure that subsector maintains positive growth. On the other hand, infrastructure will post another
    Read More
  • Panama's metro line 2 awarded
    May 18, 2015
    The concession to build Panama City's metro line No. 2 has been awarded to a consortium comprised of Brazilian company Norberto Odebrecht and Spanish infrastructure giant FCC. The 22 kilometre long elevated line will connect the city's northern and eastern sectors and line No. 1. The consortium, known as Consorcio Línea 2, offered US$1.86 billion for civil works, US$50.7 million for maintenance works, and US$214 million for financing, totalling roughly US$2.2bn, according to Metro de Panama.
    Read More
  • AEM voices GPS concern
    May 16, 2012
    The US-based Association of Equipment Manufacturers (AEM) has joined a variety of industries and companies in forming the Coalition to Save Our GPS. This group aims to resolve a serious threat to the Global Positioning System (GPS). The threat stems from a recent highly unusual decision by the US Federal Communications Commission (FCC) to grant a conditional waiver allowing the dramatic expansion of terrestrial use of the satellite spectrum immediately neighbouring that of GPS. There is a risk it could pote
    Read More

Highlighted Content