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US-based General Electric Company has won 48 million US dollar deal to supply locomotives for SR Lanka’s state-run railway, the state information office said.
GE would be paid 4.056 million dollars each for 12 locomotives.
The locos will be deployed in Sri Lanka’s upcountry tracks.
Sri Lanka’s railway has been losing billions of rupees and is heavily overstaffed.
Sri Lanka Railways lost 6.7 billion rupees in 2016 on operations not counting depreciation
Privacy Policy
Invest.lk News (Pvt) Ltd [PV 79036] (hereinafter referred to as “Invest.lk” “us” “we” or “our”) is the provider of the Service and you by using the Service, agree to be bound by the following terms and conditions (the “Terms and Conditions”). Please read the Terms and Conditions very carefully. If you utilize the Service in a manner inconsistent with these Terms and Conditions, Invest.lk may terminate your access, block your future access and/or seek such additional relief as the circumstances of your misuse. If Service conditions are in conflict and / or inconsistent with any of the Terms and Conditions, the Terms and Conditions shall prevail. The personal information supplied by you when subscribing for the Services will be used by Invest.lk in accordance with the privacy policy set out in this Site.
Personal Information Collection
We endeavour to collect and use your personal information only with your knowledge and consent and typically when you order and subsequently use products and services, make customer enquiries, register for information or other services, request product information, submit a job application or when you respond to communications from us (such as questionnaires or surveys). The type of personal information we may collect could include, for example, your name and postal address, date of birth, gender, telephone and fax numbers, email address, and credit / debit card information; lifestyle and other information collected on registration or through surveys. If you choose to provide us with personal information it will be used in support of the intended purposes stated at the time at which it was collected, and subject to any preferences indicated by you.
Non-personally identifying Information
We may also collect non-personally identifying information about your visit to our web, WAP and other similar sites based on your browsing (click-stream) activities. This information may include the pages you browse and products and services viewed or ordered for example. This helps us to manage and develop our site better, to provide you with a more enjoyable, customised service and experience in the future, and to help us develop and deliver better products and services tailored to your individual interests and needs.
How will we use your information?
We may use your information for a number of purposes which includes: processing your ads and managing and administering your account; delivering any services, or information requested by you; responding to complaints or account enquiries; administering debt recoveries; verifying your identity when required (you may lose your password or security information for example, and we may then need to ask you for other ‘identifiable’ information to protect your data from unauthorised access. We may also undertake market and product analysis based on your use of our services and products and contact you with information about new developments, products, services and special offers by post, telephone and automated means such as mobile text message (SMS), Email, , WAP and the world wide web. We may also tell you about the products and services of carefully selected third parties and allow you to receive advertising and marketing information from those selected third parties without passing control of your personal information to the third party. For example you may simply receive an advertisement on your personal web and WAP page according to any preferences indicated by you and/ or according to your interests. This helps us to make you aware of products and services that we may have specially negotiated for our own customers and which may be of individual interest to you. You acknowledge that by providing data to us, you consent to the processing of your data in accordance with this Privacy Policy Statement.
When will we disclose your information to others?
We may disclose information about you, your account and your mobile phone to (i) companies within for the purposes and subject to the terms of this Privacy Policy Statement; and (ii) in the event that we undergo re-organisation or are sold to a third party, in which case you agree that any personal information we hold about you may be transferred to that re-organised entity or third party for the purposes and subject to the terms of this Privacy Policy Statement.
Please note that Invest.lk does not sell or pass your personal information to third parties (other than as set out in the paragraph above) unless you have given us permission or unless it is necessary to deliver the products and services ordered or used by you. For example, we may disclose your data to a credit card company to validate your credit card details and obtain payment when you buy advertising space or other product or service.. Invest.lk may also be obliged to disclose your personal information to meet any legal or regulatory requirements or obligations in accordance with local or international applicable law.
Cookies
We may use cookies to record details such as a user identity and general registration details on your PC. This helps us recognise you on subsequent visits so that you don’t have to re-enter your registration details each time you visit us and allows us to carry out those activities mentioned in the above section “non-personally identifying information”. Depending upon the type of browser you are using, you may be able to configure your browser so that: (i) you are prompted to accept or reject cookies on an individual basis or (ii) you may be able to prevent your browser from accepting any cookies at all. You should refer to the supplier or manufacturer of your web browser for specific details about cookie security.
Access to your Information / Information Security
Invest.lk recognises that its customers are increasingly concerned about how companies protect personal information from misuse and abuse and about privacy in general. Invest.lk is constantly reviewing and enhancing its technical, physical and managerial procedures and rules to protect your personal data from unauthorised access, accidental loss and / or destruction. We use industry standard secure sockets layer (SSL) technology, for example, to encrypt sensitive information such as your credit card and other financial information. Please be aware that communications over the Internet, such as emails/webmails, are not secure unless they have been encrypted. Your communications may route through a number of countries before being delivered – this is the nature of the World Wide Web/Internet. Invest.lk cannot accept responsibility for any unauthorised access or loss of personal information that is beyond our control.
Introduction
Invest.lk News (Pvt) Ltd [PV 79036] (herein after referred to as “the Company”) provides you, its services via its website (herein after referred to as “Website”) under the following conditions.
Please read the following terms carefully. If you do not agree to the following Terms & Conditions you may not use this Website. If you continue to browse and use this Website you are agreeing to comply with and be bound by the following Terms and Conditions of use, which together with our privacy policy governs the Website and its use by you.
While every effort is made to update the information contained on this Website, neither the Company nor any third party or data or content provider make any representations or warranties, whether express, implied in law or residual, as to the sequence, accuracy, completeness or reliability of information, opinions, any pricing information, research information, data and/or content contained on the Website (including but not limited to any information which may be provided by any third party or data or content providers) and shall not be bound in any manner by any information contained on the Website. The Company reserves the right at any time to change or discontinue without notice, any aspect or feature of this Website. No information shall be construed as advice and information is offered for information purposes only and is not intended for trading purposes. You and your company rely on the information contained on this Website at your own risk. If you find an error or omission at this site, please let us know.
The trade marks, names, logos and service marks (collectively “trademarks”) displayed on this Website are all registered and unregistered trademarks of the Company. Nothing contained on this Website should be construed as granting any license or right to use any trade mark without the prior written permission of the Company.
Where content is from external websites we will indicate the source and/or provide external links. Theses external links are beyond the control of the Company and no representation is made as to their content. Use or reliance on any external links and the content thereon provided is at your own risk. When visiting external links you must refer to the terms and conditions of use for that external website. No hypertext links shall be created from any website controlled by you or otherwise to this Website without the express prior written permission of the the Company. Please contact us if you would like to link to this Website or would like to request a link to your website.
The Company is not responsible for any material submitted to the public areas by you (which include Classifieds Ads, or any other public area found on the Website. Any material (whether submitted by you or any other user) is not endorsed, reviewed or approved by the Company. The Company reserves the right to remove any material submitted or posted by you in the public areas, without notice to you, if it becomes aware and determines, in its sole and absolute discretion that you are or there is the likelihood that you may, including but not limited to
This Website is not available to users under the age of 18, outside the demographic target, or to any members previously banned by the Company. By using this Website, you acknowledge that you are of legal age to form a binding contract and are not a person barred from receiving services under the laws of Sri Lanka or other applicable jurisdiction. You agree to provide true and accurate information about yourself when requested by this Website. If you provide any information that is untrue, inaccurate, or incomplete, the Company has the right to suspend or terminate your ad and refuse future use of its services.
The Company has the right to cancel a transaction at anytime due to typographical or unforeseen errors that results in the product(s)/service(s) on the site being listed inaccurately (having the wrong price or descriptions etc.). In the event a cancellation occurs and payment for the product(s)/service(s) has been received, the Comapny shall issue a full refund for the product / service in the amount in question. Additionally, you can cancel your transaction during the processing phase.
You further agree not to use the Website to send or post any message or material that is unlawful, harassing, defamatory, abusive, indecent, threatening, harmful, vulgar, obscene, sexually orientated, racially offensive, profane, pornographic or violates any applicable law and you hereby indemnify the Company against any loss, liability, damage or expense of whatever nature which the Company or any third party may suffer which is caused by or attributable to, whether directly or indirectly, your use of the Website to send or post any such message or material.
The Company makes no warranties, representations, statements or guarantees (whether express, implied in law or residual) regarding the Website, the information contained on the Website, you or your personal information or material and information transmitted over our system.
The Company shall not be responsible for and disclaims all liability for any loss, liability, damage (whether direct, indirect or consequential), personal injury or expense of any nature whatsoever which may be suffered by you or any third party (including your company). due to a result of or which may be attributable, directly or indirectly, to your access and use of the Website, any information contained on the Website, you or your classified Ad’s information or material and information transmitted over our system. In particular, neither the Company nor any third party or data or content provider shall be liable in any way to you or to any other person, firm or corporation whatsoever for any loss, liability, damage (whether direct or consequential), personal injury or expense of any nature whatsoever arising from any delays, inaccuracies, errors in, or omission of any share price information or the transmission thereof, or for any actions taken in reliance thereon or occasioned thereby or by reason of non-performance or interruption, or termination thereof.
The user agrees to indemnify and not hold the Company (and its employees, directors, suppliers, subsidiaries, joint ventures, and legal partners) to negligence or wrongful conduct from any claim or demand, including reasonable attorneys’ fees from and against all losses, expenses, damages and costs resulting from any violation of these terms and conditions or any activity related to classified advertisement material and information.
The Company does not make any warranty or representation that information on the Website is appropriate for use in any jurisdiction (Democratic Socialist Republic of Sri Lanka). By accessing the Website, you warrant and represent to the Company that you are legally entitled to do so and to make use of information made available via the Website.
These terms and conditions are applicable to you upon your accessing the Website and/or booking and posting an Ad online. These terms and conditions, or any of them, may be modified or terminated by the Company without notice at any time for any reason. The provisions relating to Copyrights and Trademarks, Disclaimer, Claims, Limitation of Liability, Indemnification, Applicable Laws, Arbitration and General, shall survive any termination.
