Ircon International Limited anticipates to expand its footprint in Sri Lanka after the completion of the 265-km rail network in the Northern Province and the Government is considering the use of the available Indian line of credit being extended by the government of India as a soft loan having attractive terms and low interest rates, to finance these projects.

During the visit of Prime Minister Ranil Wickremesinghe to India in September 2015,.discussions were held extensively on the issue of upgrading the railway track using Indian expertise and financial assistance. A new line of credit amounting to USD 318 million was also recorded during the visit of the Indian Prime Minister Modi to Sri Lanka in March 2015.