Cabinet approval has been granted for the disposal of scrap metals in the Sri Lanka Railway Department and Sri Lanka Transport Board (SLTB) via international competitive bids for local industrialists.
According to the government, a huge amount of scrap metals is collected by the Sri Lanka Railway Department and Sri Lanka Transport Board annually.
Approval was granted at the Cabinet meeting in June 2024 to remove the stock of scrap metals collected at present following the international competitive bidding procedure.
However, the government has decided that it was appropriate to follow the international competitive bid-calling procedures and restrict the purchase of scrap metals to local industrialists as a solution for the scarcity of raw materials.
Thereby, the Cabinet of Ministers has approved the proposal presented by the Minister of Transport, Highways, Ports, and Civil Aviation to act accordingly. (Newswire)