News
UNDP helps govt converting 500,000 Tuk-Tuks to EVs
The United Nations Development Programme (UNDP) and the government on Thursday launched a project to convert 500,000 Tuk-Tuks to electric vehicles (EVs) or e-Tuk-Tuks over a five-year period.
The project aims to support the conversion of petrol three-wheelers to electric three-wheelers as a means for enhancing mobility as a driver of low-carbon, inclusive, equitable development pathways within Sri Lanka. The proposed three-phased project consists of an incubation phase, a demonstration phase and an acceleration phase. The incubation phase will test the conversion process, the demonstration phase will support conversions and the acceleration phase will use market forces for conversion through concessional financing and infrastructure development.
Highlighting UNDPs role in the pilot project, Azusa Kubota, Resident Representative, UNDP in Sri Lanka stated, “This pilot project is a part of UNDP’s Green Development Portfolio which is currently being developed. This portfolio aims to build solutions and support Sri Lanka’s development in catalyzing low-carbon, green, and inclusive development within which sustainable transportation and e-mobility play a key role. Through this pilot project UNDP will support the Government to establish a viable system which can be scaled up and will prioritize marginalised groups, including women and persons with disabilities while keeping equality and equity at the core of our work.”
The incubation phase will support the conversion of 200 petrol three-wheelers to electric three-wheelers. The following criteria will be applicable in selecting qualifying vehicles and owners for the incubation phase: age of Tuk-Tuk should not be greater than 10 years from date of manufacture, only petrol 4-stroke three wheelers are eligible, parties from Makumbura and Pettah will be eligible,priority will be given to applicants whose livelihood is dependent on a single three-wheeler, and preferential selections are given to women owners/ operators and persons with disabilities.
Nishantha Anurudda Weerasinghe, Commissioner General of Motor Traffic noted the importance of the project and the role of DMT in promoting e- Mobility in Sri Lanka, stating ‘’DMT has established a system for the registration of electric three wheelers in Sri Lanka. We have also developed specifications for electric three wheelers with the support of UNDP. We believe that this intervention will encourage petrol three-wheel owners to come forward and convert their three wheelers to electric three wheelers’’
The strict selection criteria will minimize the risk of failure due to technical issues, the risk of delay in conversions due to limited capacity and will test the performance of different technologies available in the market-opportunity for project stakeholders to test the market for energy efficiency (km/kWh), actual range per charge and functionality of safety features. The findings from the incubation phase will then be used in designing the demonstration phase.
Taking into consideration the above aspects Pettah and Makumbura have been identified as viable locations for the initial conversion pilot in the Western Province. 100 petrol three-wheelers will be converted to electric three-wheelers from each location. During the pilot phase, UNDP will cover the full cost of conversion to electric three-wheeler and through this aims to support the revival of micro level/informal sector economic activities to inject much needed currency into the local economy.
News
Amendment of the Inland Revenue Act No. 24 of 2017
Approval of the Cabinet of Ministers has been granted at their meeting held on 19.05.2025 in order to introduce amendments to the Inland Revenue Act No. 24 of 2017 including the proposed tax revisions to enhance the tax structure paving way for state financial integrity based on revenue.
Accordingly, the revised draft bill has been prepared by the legal draftsman and clearance of the Attorney General has been received.
Therefore, the Cabinet of Ministers has granted approval for
the resolution furnished by the President in his capacity as the Minister of Finance, Policy Planning and Economic Development to publish the aforementioned draft bill in the government gazette notification and subsequently, forward the same to the Parliament for its concurrence.
News
Cabinet nod for “National Mineral Policy” – 2026
The National Mineral Policy was prepared for the first time in the year 1999, and the aforementioned policy has been amended in 2023 to cover matters such as preparing an updated data system related to mineral resources, adding value to the export of minerals, encouraging mineral-related industrialists, extracting mineral resources and managing the environment sustainably, and resolving the issues related to the ownership of the land arising in extracting mineral resources.
The revised National Mineral Policy has been reupdated in line with the manifesto “A Sustainable Resource Utilization – Generation of the Highest Benefit” under the policy statement of the current government” A Thriving Nation – A Beautiful Life.”
Accordingly, the Cabinet of Ministers has approved the resolution presented by the Minister of Industries and
Entrepreneurship to implement the so-formulated “National Mineral Policy—2026.”
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