For the first time in Sri Lanka a Metropolitan speed train system would be set up from Katunayake airport to Fort and back. Airport Express and Rail Company limited (AEARC) a Malaysian based company is looking at investing US $ 600 million for this landmark investment heralding a new era in the Sri Lankan transport sector.
AEARC Chairman, Dr. Parimalan Rajo Isa Michael speaking to ‘Daily News Business’ said that they hope to raise capital through investors from Malaysia, USA and Denmark.
He disclosed that foreign investors are bullish on Sri Lanka and raising capital for the project would not be an issue. He said that KPMG has been entrusted to carry out the feasibility study in this regard and when it is completed they would start on the project. “We
hope the project to be ready by 2016,” he disclosed.
Source: [Daily News - Read more]