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Government of Sri Lanka (GOSL) has taken a policy decision to procure 500 buses including 400 Nos. 50-54 High Back Seater New Buses and 100 Nos. 32-35 Seater New Buses for Sri Lanka Transport Board (SLTB). The main objective of this project is to replace over 15 year old bus fleet in order to maintain the present operation level of SLTB without depleting in rural routes. Accordingly, with the approval of the cabinet of Ministers’, the GOSL has decided utilize the funds available in an existing Indian Line of Credit for procurement buses which is a concessionary financing facility. In light of this, the Government of India has agreed to allocate USD 15.03 million in this regard from the same Credit Line. At the moment, the prequalification process has been undertaken prior to commencement of the tendering process.



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