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Sri Lanka Equity Forum » Stock Market Talk » SLTB income increased in the past month - 2,000 more buses to be purchased

SLTB income increased in the past month - 2,000 more buses to be purchased

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KavinduTM

KavinduTM
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Feb 13, Colombo:

 The Sri Lanka Transport Boar (SLTB) says the daily income of the SLTB bus depots has increased and the government has decided to add 2000 more buses to the fleet this year.

The state-run public transport institution said there are 107 bus depots of the SLT island wide. Except for 12 depots, the other 95 depots have earned Rs. 150,000 per day from each depot in the past month. 

Accordingly, the revenue earned from a single depot during the last month is Rs. 4.5 million.

This was revealed when Minister of Transport Services Management Mahinda Amaraweera participated in the progress review meeting held at the head office of the Sri Lanka Transport Board recently.


SLTB currently has a fleet of 7000 buses and 5700 of them are in good running condition. About 700 buses run daily. Minister Amaraweera said 500 new buses are to be purchased for the SLTB. Another 2000 low-floor buses will also be purchased.

During the meeting, several measures have been proposed to bring the loss-making depots to a profitable position. The Minister also instructed the officials to expedite the recruitment of drivers and conductors to fill the vacancies promptly.

KavinduTM

KavinduTM
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
That's good. Actually when comparing their bus service to the other private buses, SLTB is far better than them.

Gov should spend more to give a good and quality public transport system. Then people will get interested in it more , so they will use public transports more.

Which means more income to gov + it will reduce the traffics.

Way to a beautiful country  I love you

Teller

Teller
Moderator
Moderator
This is the only place in the world , Removing the left tyre and fixing it to right side and invoicing to SLTB as a new spare part purchases.

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