Sri Lanka TransportBoard

Sri Lanka Transport Board

            In keeping with the promise of the People’s United Front in 1956, the bus companies existing at the time were nationalized with effect from 01^st January, 1958. This business enterprise is the second in the Asian continent and the 01^st in Sri Lanka to be nationalized. 76 Companies with 3693 nationalized buses and 15236 employees were taken over under business enterprise. The objective of nationalization was to convert the business enterprise with only profit motive to a public service enterprise.

            The CTB enriched with physical and human rescues to the function as an organization that helps to provide parallel service for the development of the country.

            In 1978 the CTB was decentralized with the Sri Lanka Central Transport Board with 09 Reginald Transport boards and doors to passenger transportation were opened to the private sector. An Opinion was prevalent that the activities of the CTB are subjected to a challenge with this move and therefore the Sri Lanka Transport Board was re-established under a centralized administration by SLTB Act No.27 of 2005. The present expesectation is to rejuvenate this Organization through instilling of new buses, restructuring and razing the productivity of the human resources through development.

Details of the Issue

Date of Issue: 30^th  December, 2008

Denomination: Rs.5.00

Designer: Pulasthi Ediriweera

Stamp Size: 30mm. x 25mm.

Format: Horizontal

Printing Process: Offset Lithography

Sheet Composition: 100 stamps per sheet

Perforations: 12 x 13 1/2

Printers: Department of Government Printings, Sri Lanka

Colours:  4 process Colours

Paper: 102 gsm. Security Stamp Paper

Gum:  PVA

Quantity Printed: 500000