Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lankan government to purchase over 2,000 new buses for state transport sector
Sun, Dec 15, 2013, 10:52 pm SL Time, ColomboPage News Desk, Sri Lanka.

Dec 15, Colombo: The Sri Lankan government has decided to purchase over 2,000 new buses for the Sri Lanka Transport Board (SLTB) fleet while selling the non-economical and unserviceable buses to pay dues to the EPF and ETF accounts of the Board's employees.

The government has reportedly agreed to a recommendation made by Transport Minister Kumara Welgama to purchase 2,200 new buses for the SLTB from next year.

The entire purchase, which is to take place within a period of five years, is to cost over Rs. 5 billion.

The Transport Minister has proposed to the government to commence negotiations for a supplier's credit scheme with the respective bus manufacturer.

The Cabinet of Ministers has appointed a negotiating committee to discuss the bulk discounts offered by the company.

The monies generated from the sale of non-economical and unserviceable buses will be used to settle the arrears payments to the EPF and ETF accounts of SLTB employees.

ColomboPage - Recent 10 Stories
Extremist Sri Lankan Buddhist organization has no plans to topple the government
Sri Lanka's private sector retirement fund earned over Rs. 550 billion in last five years - Central Bank
Disciplinary inquiry against Sri Lanka's star cricket players over retirement remarks
Coastal line train services disrupted in Sri Lanka as protesting workers block trains
Sri Lanka has achieved a lot, Korean envoy tells President
US Ambassador celebrates Earth Day with Sri Lankan Girl Guides
Sri Lanka national coach resigns to take up appointment with ECB
Sri Lanka takes measures to increase forest cover
Sri Lanka police ban passenger transport on hand tractor trailers
Sri Lanka maintains policy rates, current monetary policy appropriate

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.