🚍 Cabinet Approves Rs. 800 Mn Equity Injection for Lanka Metro Transit

The Cabinet of Ministers has approved a major capital allocation to Lanka Metro Transit Ltd. to scale up modern public transport operations across Colombo and surrounding areas, following a successful pilot phase. • Investment & Equity - Approved Rs. 800 Mn equity capital for critical infrastructure development. - Approved an additional Rs. 267.5 Mn equity capital reserved for 2027 operations. • Fleet & Operations Expansion - Incorporated in October 2025 under the SLTB, the company began with a 10-bus pilot project funded by the Clean Sri Lanka Program. - Fleet scaling up significantly with 112 new low-floor buses launching in September 2026. • Infrastructure Development - Construction of a fully equipped central workshop. - Development of modern bus depots at Thalangama, Kadawatha, Ratmalana, and Homagama. - Improvements to internal roads and passenger bus stands to modernize urban public transit accessibility and operational standards.