The cash-strapped government is to introduce a steep hike in toll charge with the increase in traffic volume and number of vehicles using the express way network with a view of raising revenue, Finance Ministry sources divulged.
The Road Development Authority (RDA) will raise the toll charge by at least 50 per cent due the current economic situation and the increase in road maintenance costs, a senior official of the ministry said.
The aim is to collect Rs. 12 billion in revenue from toll charges from the present Rs. 8 billion per annum he added. (BS)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
Deputy Minister of Finance and Economic Stabilization and NPP National List MP Harshana Suriyapperuma who is tipped to be named the next Finance Ministry Secretary resigned from Parliament today.
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