SLTB in the black for first time
The Sri Lanka Transport Board (SLTB) which was incurring heavy losses for many years, had earned a profit of Rs. 1,618 million last year, for the first time in its history.Transport and Civil Aviation Minis ter Nimal Siripala de Silva addressing a media briefing held in Colombo yesterday said the government has managed to convert a loss making institution into a profitable one following prudent fiscal policies.
“We plan to pay a Rs.10,000 bonus to each SLTB employer this December,” he added. “Now, the SLTB is capable of paying the salaries, EPF, ETF and Gratuity to its employees without delay.”“We have to admire the service of SLTB workers. They worked hard even sacrificing their lives during several unjustifiable strikes launched by some other services. The SLTB trade unions act in a very responsible manner, negotiating with the management.
Therefore, we have allocated Rs.200 million to uplift their welfare facilities,” he added. “We also have a proposal of importing new low-floor buses to the SLTB and removing the old ones from the fleet to provide a more comfortable transport service to the commuters,” the Minister added.
(Government News Portal)
Latest Headlines in Sri Lanka
- Audit reveals misuse of electric vehicle permits for migrant workers in Sri Lanka November 23, 2024
- IMF approves third review: Sri Lanka secures $333 million tranche under EFF November 23, 2024
- Sri Lankan President urges accountability and unity for a better future November 23, 2024
- IMF third review talks with Sri Lanka successfully conclude November 22, 2024
- Professor Gomika Udugamasooriya appointed Senior Advisor to President on Science and Technology November 22, 2024
