IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 16 Aug 2010 | Removal date: open ended

Trade finance

On 10 March 2010, the Government of India agreed to provide a loan of USD 67.40 million to the Government of Sri Lanka for financinggoods and services including consultancy services to finance the upgradation of the Southern Railway corridor from Colombo to Matara in Sri Lanka.
 
The credit is provided by the Export Import Bank of India (EXIM) and requires that at least 85% of the contract price for goods and services associated with the project is sourced from India. 
 
The credit agreement came into force on 16 August 2010.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

412 Products of iron or steel
7302 Railway or tramway track construction material of iron or steel, the following : rails, checkrails and rack rails, switch blades, crossing frogs, point rods and other crossing pieces, sleepers (crossties), fishplates, chairs, chair wedges, sole plates
730230 Switch blades, crossing frogs, point rods and other crossing pieces
730290 Other
469 Other electrical equipment & parts
8530 Electrical signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields (other than those of heading 86.08).
853090 Parts
492 Motor vehicle bodies; trailers & parts thereof
8609 Containers (including containers for the transport of fluids) specially designed and equipped for carriage by one or more modes of transport.
860900 Containers (including containers for the transport of fluids) specially designed and equipped for carriage by one or more modes of transport.
495 Railway & tramway locomotives & rolling stock; parts
8602 Other rail locomotives; locomotive tenders.
860210 Dieselelectric locomotives
860290 Other
8607 Parts of railway or tramway locomotives or rollingstock.
860712 Other bogies and bisselbogies
860719 Other, including parts
860721 Air brakes and parts thereof
860729 Other
860791 Of locomotives
8608 Railway or tramway track fixtures and fittings; mechanical (including electromechanical) signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields; parts of the fo
860800 Railway or tramway track fixtures and fittings; mechanical (including electromechanical) signalling, safety or traffic control equipment for railways, tramways, roads, inland waterways, parking facilities, port installations or airfields; parts of the fo

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