TSRTC will be put on right path: Chairman
In order to bring health of debt-ridden TSRTC back into profits, its new Chairman S Satyanarayana has announced a series of steps.
Sangareddy: In order to bring health of debt-ridden TSRTC back into profits, its new Chairman S Satyanarayana has announced a series of steps.
- S Satyanarayana expresses hope that GHMC will reimburse loss the Corporation is incurring
on city service
During his visit to Sangareddy and Sadashivpet bus depots on Wednesday, he said the open space in Sangareddy bus station would be utilised to build commercial complex to generate additional revenue for the TSRTC.
He also sanctioned two air- conditioned buses and another two express buses to the depot. In addition to that, he promised that a new structure would come up in place of 48-year-old Sadashivpet bus station.
Addressing the media at the District Collectorate after the inspection, he pointed out that the TSRTC was swamped by Rs 2,200 crore debt and the last year itself the Corporation had suffered Rs 701 crore loss.
He said that though Palle Velugu buses had caused Rs 500 crore and city buses Rs 350 crore loss, they were still being run by the Corporation for the benefit of passengers. He added that some kind of grant was expected to come from GHMC for city bus services.
He felt that increasing inter-State, Express and long distance services could fetch good revenues for the State as Telangana State buses ran only 70,000 km a day as against 3,00,000 km a day by Andhra Pradesh buses.
He said that 280 buses were being purchased and that TSRTC was looking at taking suggestions from depot and regional managers, implementing them without financial leakage, ultimately, increasing occupancy, increasing frequency, decreasing travel time and achieving zero per cent breakdown.