Sri Lanka's Cabinet has authorized the creation of a Treasury-owned company to oversee the country's multimodal transport centers, aiming to improve passenger connectivity across different modes of transportation.

The Cabinet of Ministers has given approval for establishing a state-owned enterprise dedicated to managing Sri Lanka's network of multimodal transport centers. The decision, made during a Cabinet session in late December 2025, represents an effort to create a more seamless and coordinated transport system for the country's passengers.

Multimodal transport centers are designed to facilitate smooth transfers between different forms of transport, including buses, trains, and hired vehicles. The government views these facilities as critical infrastructure for improving overall transport connectivity. Two such centers—located in Makumbura and Kadawatha—are currently operational, while construction continues at proposed sites in Anuradhapura South and Kandy.

The newly approved company will operate as a limited public company under the Ministry of Transport, Highways and Urban Development, with full ownership retained by the Treasury. Following consultation between officials from the Finance Ministry and the Transport Ministry, authorities determined that a dedicated institutional structure was necessary to handle operations, administration, standardization, business development, and national-level policy coordination across these facilities. The establishment of the company complies with provisions in the State Finance Management Act of 2024.

The Transport Minister presented the proposal to Cabinet, which subsequently endorsed the initiative. The creation of this management company is intended to support the continued expansion and professional administration of Sri Lanka's multimodal transport infrastructure.