Sri Lanka Brodcasting Corporation

Sun11182018

Last updateSat, 17 Nov 2018 9am

Local News

SLTB makes record profits last year

Deputy Transport and Civil Aviation Minister Asoka Abeysinghe said Sri Lanka Transport Board has managed to turn around its fate from a loss-making company, recording a profit of 1.5 billion rupees in 2017. This profit comes after settling overdue employment benefits, ending the loss-making trend over the last seven years. With plans to bring in a fleet of new buses by next year, the SLTB yesterday introduced a new system to book tickets online, including a new app for mobile devices. The Board is expected to call for tenders from Indian bidders for 500 buses to be purchased under an Indian line of credit. Another 1000 buses from Hungary with low floors will be brought down with investor funding, the Minister said, speaking at a media briefing held at the United National Party Headquarters, Sirikotha. Further, a Cabinet paper has been submitted to 750 hybrid buses and another 250 electronic buses will be in circulation to the country before April next year, he said.