Category: Shipping and Transport

Air fares to hot spots like Middle East and London are bottoming out, putting pressure on full fledge carriers, but newbie Etihad Airways says there is still room for all to survive in a friendly manner.Air fares to hot spots like Middle East and London are bottoming out, putting pressure on full fledge carriers, but […]

Holiday Air, a Sri Lankan airline, plans to invest US$ 12 mn to operate international flights from the island, following the liberalisation of the sector, the government’s Board of Investment said Friday.Holiday Air, a Sri Lankan airline, plans to invest US$ 12 mn to operate international flights from the island, following the liberalisation of the […]

Gulf Air said Monday that they would quit Sri Lanka by mid March this year, as soaring oil prices and stiff competition from other Middle East carriers puts the squeeze on operations.Gulf Air said Monday that they would quit Sri Lanka by mid March this year, as soaring oil prices and stiff competition from other […]

With the government delaying picking a second carrier to fly international routes, possible contenders are eyeing alternate options to fly from Sri Lanka.With the government delaying picking a second carrier to fly international routes, possible contenders are eyeing alternate options to fly from Sri Lanka. In April last year, SriLankan Airline’s monopoly on international routes […]

A woman was killed by a train Tuesday on a coastal track in Sri Lanka reopened after more than 1,000 people died when eight coaches were swept away in the December tsunamis, police said.Restarting the Ocean Queen service became a symbol of the island nation’s rebuilding efforts after the devastation caused by the tsunamis, which […]

Sri Lanka The first train since the December 26th tsunami has passed along reconstructed tracks by the spot where the surging waters washed away away another train and nearly two thousand lives.Sri Lanka The first train since the December 26th tsunami has passed along reconstructed tracks by the spot where the surging waters washed away […]

The Indian based Rites Group has just completed an initial assessment of the local rail network, on the potential of upgrading the existing track.The Indian based Rites Group has just completed an initial assessment of the local rail network, on the potential of upgrading the existing track. The team is to submit its findings on […]

Plans to expand tsunami damaged roads in the south and east are still on the drawing board, with a final report expected in early February. Plans to expand tsunami damaged roads in the south and east are still on the drawing board, with a final report expected in early February. Officials say a decision to […]

An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding.An Rs 12 bn road development programme, over the next 4 years, is waiting for donor and lending agency funding. “We have identified and submitted to the government, long term road development projects, for donor funding,” […]

Sri Lanka’s southern rail service will be back on track by March, with the Department estimating the repair bill to restore the tract to touch Rs.1.6 billion. Sri Lanka’s southern rail service will be back on track by March, with the Department estimating the repair bill to restore the tract to touch Rs. 1.6 billion. […]

Waves of foreign assistance could tide over some of Sri Lanka’s macro economic troubles according to analysts. Waves of foreign assistance could tide over some of Sri Lanka’s macro economic troubles according to analysts. The Central Bank expects the balance of payments to show a surplus this year from a deficit of over US$ 200 […]

US helicopters began flying in Sri Lanka as part of a military operation to boost the island’s tsunami relief work, officials said.US helicopters began flying in Sri Lanka as part of a military operation to boost the island’s tsunami relief work, officials said. Two Black Hawk aircraft were seen flying near the international airport outside […]