Bangladesh, July 31 -- The Government of India has released the first instalment of funding-amounting to approximately USD 2.5 million (around LKR 770 million)-for the installation of an advanced signalling and telecommunication system along Sri Lanka's Maho-Anuradhapura railway line.

The project was jointly launched by the Prime Minister of India and the President of Sri Lanka during the latter's high-level visit to India in April 2025. Originally planned as a Line of Credit (LoC) project costing USD 14.89 million, it was later converted into a full grant by the Indian government during the Sri Lankan President's State Visit to India in December 2024.

The project is being implemented by Ircon International Limited, an Indian Public Sec...