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Posts Tagged ‘finances’


2010: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec


Workers irked over plan to cut subsidy

Friday, June 6th, 2008

Railway workers are up in arms over the recent decision to reduce the Treasury subsidy on their season tickets under the recent increase of train fares to meet at least a part of the operating costs.
The All Ceylon Railway Employees’ Union said although they understand the need to cut down on losses urgently the workers [...]

Sri Lanka Carbon Fund seeks to electrify Railways

Monday, May 12th, 2008

Climate Change is predicted as the biggest crisis faced by mankind and will badly hit developing countries like Sri Lanka. However, an opportunity has arisen to earn valuable foreign exchange through mechanisms adopted in the fight against Global Warming. Carbon Trading or selling Carbon Credits earned through Green House Gas (GHG) reduction projects is becoming [...]

Mass Rapid Transit system coming soon

Sunday, May 11th, 2008

A solution to the maddening rush hour traffic gridlock in Colombo is now a few years away with the Government expected to finalise, within 90 days, all aspects of the construction of an electric Mass Rapid Transit System by an Indian investor.
Adiga S. Nagaraj, a Director of NEB Rapid Infrastructure Projects Pvt. Ltd. which has [...]

Sri Lanka railways to enhance its capacity

Tuesday, May 6th, 2008

Finance Ministry of Sri Lanka, in its annual planning report revealed a major rehabilitation plan to island’s railway service.
According to the report, the railway network that runs over 1,449 km presently carries 64 million passengers and 1.6 million metric tons of goods per year. These amounts represent only 5% of passenger transport and 2% of [...]

Railway workers irked over salary issue

Monday, April 21st, 2008

The Sri Lanka Railway’s failure to pay the April remuneration before the Sinhala and Tamil New Year has irked its employees, the All Ceylon Railway Employees’ General Union (ACREGU) said.
Although the SLR paid salaries to some of its employees before the New Year most of the work force had been deprived of their dues to [...]

Loss making Railway donating rail tracks

Sunday, April 20th, 2008

Transport Minister Dulles Alahapperuma and his Railway officials have taken their own government by surprise.
The Sri Lanka Railway as we all know has a huge debt burden besides being a loss making venture. Despite all that however, the Railway has resorted to acts of generosity in issuing iron rails free of charge even to private [...]

Mirrors on railway line to prevent accidents

Wednesday, April 16th, 2008

The Railways Department is to install a new protective device at unprotected level crossings in an effort to prevent the loss of lives and the destruction of vehicles due to collisions with speeding trains at such level crossings. In the past, hundreds of lives have been lost annually due to accidents of this nature. Financial [...]

Union says 7.5 million spent on Deyata Kirula

Wednesday, February 27th, 2008

Questions have been raised as to how the Sri Lanka Railway (SLR) spent Rs.7.5 million on the Deyata Kirula exhibition at a time the department could not allocate funds for distress loans for its employees, the All Ceylon Railway Employees General Union (ACRGU) said.
SLR’s massive expenditure on Deyata Kirula has irked its employees according to [...]


2010: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

2007: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec