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Sri Lanka's Central Bank calls for cheaper transport

IANS  |  Colombo 

Sri Lanka's Central said on Tuesday that the government must explore cheaper and faster options to tackle traffic jams in the island country such as establishing a (BRT) system and a Transit (LRT).

"Expeditious implementation of effective and affordable is vital to curb numerous negative externalities arising from traffic congestion," the Central said in its annual report cited by

Major improvements to both public and private bus services were essential to overcome traffic congestion in urban areas and reduce productivity losses in the overall economy, the was quoted by the Sri Lankan media as saying.

noted that the increase in traffic, mostly by low occupancy vehicles like cars, had been rapid, and resulted in heavy traffic congestion, wasting time and financial resources of the country while increasing pollution levels.

The total vehicle population in has risen from 3,390,993 in 2008 to over 6 million in 2016.

--IANS

mag/soni/mr

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, May 08 2018. 16:16 IST
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