Analysis
Monorail timely necessity even if initial cost high – Central Bank
Apr 12, 201401:49 PM
It was reported earlier that the government’s attention has been drawn towards establishing a Monorail service or a train plying on a single rail as a solution to eliminating the traffic congestion in the city of Colombo.
Now, the Central Bank of Sri Lanka (CBSL) too has revealed the necessity of such a rail service.
In its 2013 Annual Report, the CBSL has stated that a Monorail service is a timely need to reduce the traffic congestion in the city.
By now, the Transport Ministry has set up a committee with officials from the relevant government institutions to act on this issue.
The CBSL has stated that even if the initial cost for such a rail service is high the results would offset it.
