Private Garage

From left: Dr. Fernando Im, Senior Country Economist for Sri Lanka and the Maldives, The World Bank, Hon. Eran Wickramaratne, State Minister, Ministry of Finance and Mass Media, Dr. W A Wijewardana, Former Deputy Governor of the Central Bank of Sri Lanka, Prof. Indralal de Silva, Former (Chair) of Demography, University of Colombo, Prof. Amala de Silva, Department of Economics, University of Colombo at the panel discussion on "Demographic Change in Sri Lanka" moderated by Dr. Ramani Gunatilaka, International Centre for Ethnic Studies.

State owned Lakdiva Engineering Ltd. endash repair and re-conditioning arm for state buses, is to be put up for private investment, as part of the re-haul of the Central Transport Board.

Lakdiva Engineering is entirely state owned, and currently operates a factory that repairs and re-conditions bus bodies belonging to the state owned Bus Companies. rn

rnThere are about 4,500 buses operated by 11 state owned bus companies on the roads today, with a further 15,000 buses operated by the private sector.rn

rnBut the Lakdiva Factory is under-utilised, with traffic of 10 to 20 buses a month. There is also idle capacity to assemble buses. rn

rnBuilt in 1970, the factory was set up initially to meet a requirement for newly built bus bodies, with the bus chassis imported from India, Italy and Japan and all body parts designed at the local factory.rn

rnOutput capacity was 100 buses a month, with infrastructure facilities still in place.rn

rnldblquote We have all the infrastructure facilities, skille