The Treasury will start talks with Japan International Cooperation Agency (JICA) with a view to cancelling the loan agreement to build the Colombo light rail transit system (LRT), an authoritative official source said this week.

The Government’s priorities have shifted from mega projects to micro-level initiatives such as irrigation, agriculture, the 100,000km road project and 150,000 household water connections, he said.

“Since the JICA agreement is an official loan contract, we have to start negotiations and cancel it,” he continued. “That is the process.”

http://www.sundaytimes.lk/200920/news/treasury-to-begin-talks-with-jica-to-revoke-light-rail-loan-deal-417323.html