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 Minister 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.”