Landmark transport project:

Korean company presents initial report

Ramani KANGARAARACHCHI

A high powered Korean delegation from Garamspace Company arrived in Sri Lanka to handover the initial report of the landmark transportation project to the Government. The delegation had a series of discussions with Government officials on the project. A spokesman of the delegation told Daily News Business that the main objective of developing this project is to provide and create an economical foundation for Sri Lanka's sustainable development and enhancement of a close relationship between the two countries.

He said Garamspace is the fifth largest company entering the international market for the first time with latest locomotive technology. The report made by Garamspace Research Institute (GRI) said that Sri Lanka is experiencing a social change within the country and is in the midst expansion in infrastructure. With the rapid increase of foreign visitors and expansion of tourism industry this improvement on public transport system is inevitable.

As such the GRI team has fulfilled various technical analyses and carried out study surveys to execute a joint development in brand new public transit system. The report will draw key factors for success (KFS) required for this new transit system and a joint development program to be successfully completed, through Korea's transportation technologies and regulations.

It will also draw KFS that will help establish core strategies and directions that will create value in the future.

An expert group of both countries in railway and new transit system will participate in implementing the project and strategic international competitive edge will be secured with Sri Lanka Railways.