The June 1 rail fare increase will have little impact on the recurring annual loss of approximately 7.5 billion rupees, General Manager Railways Dr. Lalithsiri Gunaruwan said at a press conference yesterday.
The revenue last year had been 2.5 billion rupees while the expenditure stood at 10 billion rupees. The railway season ticket scheme had been [...]
Sri Lanka Railways General Manager, Dr.Lalithasiri Gunaruwan said that though the Government was compelled to raise rail fares after a lapse of three years from midnight yesterday it had taken into consideration school children and university students who travel on season tickets by granting a subsidy of almost 90%.
He said the government had also taken [...]
A top official of a government body said freezing prices of government output was an ‘economic crime’ because the popular concept of ‘government bearing the burden’ had no factual basis.
“Suppressing prices and freezing them is an economic crime,” head of Sri Lanka Railways Lalithasiri Gunaruwan told reporters. “It is not raising prices that cause an [...]
Sri Lanka railways will almost double rail fares to reduce losses and its dependence on government handouts as fuel prices continue to move up, officials said.
From Monday fares of privately owned buses were raised by 27.2 percent and state-run buses by 17.0 percent. Rail fares were last raised in 2005, but bus fares have been [...]
Sri Lanka is to purchase 15 locomotive engines to improve the railway service, which has been subjected to heavy criticism recently, for under performance and bureaucratic inefficiency.
SL Railways imported eight high tech French-built engines in 2002, which was a sham as only two of the engines are presently in running condition.
Minister of Transport, Dulles Alahapperuma, [...]
Railways Minister, Dulles Alahapperuma’s failure to rectify the salary anomalies created by the 2006/7 controversial salary circular, and non-allocation of sufficient funds for the distress loan scheme have irked railway employees, the All Ceylon Railway Employees General Union (ACREGU) told The Morning Leader.
Although Alahapperuma on several occasions had promised to address the grievances he has [...]
This article was published in the Island newspaper some years ago; as a result, some of the figures quoted in this article have changed during the intermediate period. Nevertheless, we republish this article since the content is still valid today as the day it was published.
The Railway is over 130 years old and when it [...]
The Railway Department has repaired 155 railway carriages and 26 railway locomotives since 2006 and these carriages and locomotives have been successfully introduced by the Railway into regular service. The department has also successfully renovated 122 Railway Station since 2006.
The Railway has been able to construct new railway bridges over Kaluthara, Keleniya, Pingwatta, Seeduwa, Ja [...]
