InvestmentsTop Global NewsMarketsReal Estate Sri Lanka scraps US$1.5bn Japan-funded light rail system By financialnews_rlv83x - September 24, 2020 0 204 Sri Lanka’s president has ordered the termination of a $1.5-billion Japanese-funded light rail project, saying it is not a “cost-effective solution” for the congested capital Colombo, officials said Thursday.