There is an urgent need to introduce new buses to the Sri Lanka Transport Board (SLTB) bus fleet, as nearly 52% of the regular bus fleet of the Sri Lanka Transport Board and nearly 94% of the luxury bus fleet have exceeded the economic life span.
As to the insufficient buses to meet the passenger demand on the expressway, the Sri Lanka Transport Board (SLTB) is currently operating 61 luxury buses belonging to the private sector on a profit-sharing basis.
Therefore, the Sri Lanka Transport Board (SLTB) has decided to purchase 200 new super-luxury buses by using their own funds.
Accordingly, the Cabinet of Ministers has approved the proposal presented by the Minister of Transport, Highways, Port and Civil Aviation to purchase 29 super luxury buses through the financially capable depots and to purchase the remaining buses by making a down payment using SLTB funds and the balance to be paid in monthly instalments over a period of 5 years.