Indian company rejects criticism that it inflated cost of Sri Lanka railway projects

Source:  www.colombopage.com

Nov 07, Colombo: IRCON International Ltd, a Public Sector Enterprise under the Government of India has rejected criticism that it has inflated the costs of the railway reconstruction projects in Sri Lanka.

The company, a public sector undertaking under the Ministry of Railways of Indian government has completed rehabilitation of nearly 200 km of railway tracks in the North, along with installation of signaling system at a cost of nearly a billion US dollars.

However, S P Vithanage, Secretary, All Ceylon Railway Employees General Union, and Dr. T Lalithasiri Gunaruwan, economist and former Secretary, Transport Ministry, had said that the Sri Lanka Railways would have done the work at one fourth the cost, Indian Express reported.

IRCON Project Director S L Gupta has dismissed the contentions as “baseless and levelled by non-technical people”.

“Any comparison of rehabilitation of the tsunami devastated tracks in South Sri Lanka undertaken by the IRCON and the Lankan railways is mischievous because the scope of work done by the two were not comparable,” Gupta was quoted by Express. More info

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