June 18, Colombo: The Sri Lankan government has decided to formulate a national policy for the private transport sector.
Private Transport Minister C.B. Ratnayake has said the Ministry was in the process of formulating the policy focusing on the next two decades.
The Minister has observed that the policy would be formulated together with the provincial councils as well.
According to Ratnayake, the main aim of the policy would be to improve the private transport sector in the country.
Meanwhile, the Private Bus Owners’ Association is engaged in discussions with the National Transport Commission to consider raising bus fares from July 01.
The Association is seeking a 15 percent fare hike and a raise of the minimum fare by 2 rupees reflect rising fuel and spare parts costs.
However, the Ministry has declined the request and said the Ministry was looking into the possibility of providing tyres, batteries, and spare parts at a concessionary price to the private buses instead.