A private company Wednesday said it has kicked off Sri Lanka’s first metro rail project that will link the country’s only international airport and capital Colombo.
The 30-km project is estimated to cost $600 million, Xinhua said. Each train will carry 400 passengers.
The venture is expected to give a boost to the booming tourism industry in Sri Lanka, which grew by 30.1 percent in 2011 following the end of the war against the Tamil Tigers.
Airport Express Air and Rail Co said the metro will cut the present travel time between the airport and Colombo from around two hours to 25 minutes.
Company chairman Parimalan Rajo Isa Michael said that funds will be raised by selling stakes of the company’s equity to overseas companies.