He told the weekly briefing on Cabinet decisions that the government is short of funds to replace them at the moment.

"At least 52 percent of buses have expired their life span. We have no funds to replace them. We are not in a position to obtain foreign loans currently until the debt restructuring process completes. We managed to procure 500 buses on the Indian credit line," he said.

The Minister said the train service is also in critical condition and said even 50 to 60 years old train engines are being used.