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Published on Monday, 08 September 2014 16:29

Trauin 410px 14 09 08Japanese businessmen have expressed enthusiasm over plans to install a Monorail system in Colombo, reports say.

Speaking at the Japan-Sri Lanka Business Forum meeting held during with the recent visit of the Japanese delegation led by Prime Minister Shinzo Abe, the 'Hitachi Monorail' company has expressed their willingness to join if such a project was initiated.

The Hitachi Monorail representative, who was a part of the highly ranked business delegation that accompanied the Japanese Prime Minister, has further said that Monorail is mode of transport that is efficient and environmentally friendly.

The building of a Monorail system in Colombo at a cost of $1.3 billion was proposed with the objective of minimising vehicular traffic on the city. The feasibility study conducted on this regard has already been completed.

The first phase of the project is to be funded by the Japan International Cooperation Agency (JICA).

It has been estimated that around $57 million per kilometre is needed to build the monorail system.

Dismantled monorails

Meanwhile, 'Lanka News Web' reports that the Transport ministry secretary - Dhammika Perera is especially keen on initiating the Monorail project.

Noting that the first phase of this monorail project will see a Monorail line built from Katunayake airport to the proposed casino zone at D.R. Wijewardena Mawatha at Colombo Fort, the website says that the sole objective of this project is not to provide better transportation for passengers arriving from the airport but to ensure that international casino players reach the casino zone without delay.

'This project will see several monorails dismantled in Japan used to lay the railway line. The feasibility study of the project was done by Dhammika Perera’s Vallibel Finance,' it adds.

Last Updated on Thursday, 11 September 2014 12:04

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