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Railways expenditure exceeds income twofold in 2022

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Although the revenue of the Railways Department was Rs. 2.6 billion in 2022, Rs.7.7 billion were spent on overtime allowances and salaries, Cabinet Spokesperson and Minister of Transport and Highways Bandula Gunawardana said.

Speaking at the Cabinet news briefing held at the Government Information Department yesterday (13), the minister said that the Railways Department had suffered a loss of 47 billion rupees in 2014.

The loss has been reduced to 37 billion rupees in 2021 and 32 billion rupees in 2022.

The minister said that if the Railways Department is not turned into a statutory body, it will have to be sold.

Meanwhile, he said that the Railways Department has 14,000 acres of land and they were hoping to get proposals from the private sector to invest in these lands.

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Batalanda commission report handed over to the AG

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The “Report of the Commission of Inquiry into the Establishment and Maintenance of Places of Unlawful Detention and Torture Chambers at the Batalanda Housing Scheme” which was recently tabled in Parliament, has been handed over to the Attorney General by the Presidential Secretariat following a directive from President Anura Kumara Disanayake.

The report, originally compiled over 25 years ago, was tabled in Parliament recently. The Government has taken a decision to take necessary action and as a result, actions have been initiated to hand over the report to the Attorney General’s Department today (29).

(President’s Media Division)

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Ex-SLTB Vice Chairman granted bail

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The former Vice Chairman of the Sri Lanka Transport Board (SLTB), L.A. Wimalaratne, who was arrested by the Criminal Investigation Department (CID) earlier today (April 29), has been released on bail.

He was arrested in connection with an investigation into a house in Kataragama, allegedly linked to the family of former President Mahinda Rajapaksa.

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Franchise agreements of Colombo Strikers & Jaffna Kings terminated

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Sri Lanka Cricket (SLC) in collaboration with the event rights holder of the Lanka Premier League (LPL) – the IPG Group, has officially announced that the franchise partnerships of the ‘Colombo Strikers’ and ‘Jaffna Kings’ have been terminated.

According to a statement issued today (April 28), the terminations were made due to the respective franchises’ failure to fulfill contractual obligations outlined in their agreements with the IPG Group, which were established at the commencement of their participation in the league.

Accordingly, the forthcoming edition of the Lanka Premier League will feature franchises representing Colombo and Jaffna under new ownership, the statement notes.

As the event rights holder, the IPG Group retains the exclusive rights over the LPL franchise teams and, accordingly, is vested with the authority to transfer and/or assign the ownership rights of the said franchises to interested parties.

Sri Lanka Cricket and The IPG Group remain committed to upholding the integrity, standards, and success of the Lanka Premier League and look forward to an exciting upcoming season with renewed participation.

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