Railway to boost Public Private Partnerships
Sri Lanka Railway department hopes to expand Public Private Partnerships and earn more non-passenger revenues to offset recurring operational costs, an official said.
“For the past 10 years, except the last few years, the Railway operational income only covers around 50 percent of the operational expense of the Department,” the General Manager of the Railway, D.S. Gunasinghe said.
“Our plan is to increase the non-passenger revenue of the Railway department.
“And we cannot expect and do not hope for money from the government.”
Sri Lanka Railways already has agreements with Prima, a food firm, and Insee Cement, which is bringing in additional income, Gunasinghe said
“We had agreements for material transportation such as sand in the past, however it was canceled but we hope to start it again,” he said.