Monday, December 23, 2024
spot_img
HomeLocal News5,000-Bus shortage since 2018 : Bus owners demand tax relief

5,000-Bus shortage since 2018 : Bus owners demand tax relief


Sri Lanka has faced a shortage of 5,000 buses since 2018, with the government yet to prioritize addressing the challenges faced by private bus operators, Lanka Private Bus Owners’ Association (LPBOA) President Gemunu Wijeratne said.

Addressing media, Wijeratne detailed the high costs of importing buses. “The import of a Leyland bus now costs Rs. 17 million, including VAT. This makes operations extremely challenging. To cover costs, the minimum bus fare would need to rise to at least Rs. 50. Ww are not saying fares will be increased—but we simply cannot operate at a loss,” he said.

Wijeratne urged the government to provide tax relief to private bus operators, stressing that the lack of support has led to great financial strain.

He also pointed out that mismanagement in the public transport sector has resulted in an estimated Rs. 500 billion in losses to the country annually. (Islandnews)



RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -
Advertise Here

Most Popular

Recent Comments