The government has proposed to install a traffic encoder free of charge into every registered vehicle in the country to help better management of traffic, deter theft and improve security. Accordingly, the government has allocated a sum of Rs.500 million for this purpose in the Budget 2016 presented in Parliament on Friday.
Sri Lanka’s total vehicle population which stood at around 5.6 million at the end of the second half of 2014 is expected to increase to about 5.6 million by the end of this year, according to a recent study.
“I also propose that the all state sector agencies dispose of their unutilized dilapidated vehicles through the tendering system to ensure that public assets are not wasted,” Minister Ravi Karunanayake said.
Meanwhile, the Minister encouraged the three wheeler owners to convert their vehicles from fuel to electricity to save energy and minimize environmental pollution.
“Therefore, I propose to make available a concessional loan of Rs.150,000 for the conversion purpose, for fare-metered three wheelers. I propose to allocate Rs. 50 million for this purpose,” the Minister said.