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Message: <blockquote data-quote="lkdood" data-source="post: 9865477" data-attributes="member: 92282">Sri Lanka's over-staffed state-run bus services lost 8.4 billion rupees  in 2010, up 4.9 percent from the 8.4 billion rupees a year earlier,  eating up billions of rupees of taxes extracted from the people from  other means.                                Sri Lanka Transport  Board (known before 2005 as CTB Ceylon Transport Board), originally started by violating the property rights of citizens  and forcibly 'nationalizing' assets, is a long-standing symbol of the  state speculating with people's money on businesses and losing heavily. The SLTB also gives cut rate 'season tickets' to state workers. In 2010,  a 1.6 billion rupee subsidy was given to the bus utility to operate  'uneconomic' routes and school bus services, the Central Bank's annual  report said. It was also given 5.0 billion rupees in other subsidies. The bus service had operated 16.2 billion passenger kilometres in 2010  up 7.6 percent. It has earned revenues of 15.2 billion rupees and spent  23.6 billion on operations.                                                                      There was no  mention of depreciation charges. The SLTB owned 7,746 buses and operated  an average of 4,441 busses in the year.                                 The number of privately owned buses rose 6.1 percent to 19,805 and the  average number of buses increased to 15,884, the Central Bank report  said. Operated kilometers by private operators had increased 21.6 percent and  passenger kilometers also rose by the same about. Sri Lanka has a  fragmented private bus service and attempts to create larger units to  operate routes have so far failed. LBO</blockquote>

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