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Calling Cabbies

June 16, 2006 (LBO) -- Sri Lanka has structured a call option instrument, which allows investors to bid for nine taxi service licenses to be auctioned on the Colombo Stock Exchange, officials said.
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Bidding, which runs for nine days, is due to open on August 14 and investors have to put up a 25 million rupee (242,718 dollars) bid bond to qualify for the process.
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Average prices charged by local taxies services:
Vehicle Fleet Type Average Charge
Cars SLR 35/- to 55/- per km
Vans
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