Railway fare hike proposed
The General Manager of Sri Lanka Railway Dr. Lalithasiri Gunaruwan said that the Railway Department has recommended a fare hike to the government.
Addressing a press conference held at his office yesterday, the GM said that the prices should be increased at least to the level of current bus fares.
The Railway Department did not increase the railway fares for years despite the escalating fuel prices. Because of it, the department is currently incurring a loss of Rs. 7.5 billion annually. The income of the Sri Lanka Railway is around Rs. 2.5 billion while the annual expenditure is Rs. 10 billion. Sri Lanka Railway is running at a loss of Rs. 7.5 billion a year.
Source: Colombo Page
Tags: bus fares, fare hike, fuel costs, railway department, sri lanka
