BMTC alone incurring Rs 1 crore loss a day: Laxman Savadi
Team Udayavani, Jan 27, 2020, 11:17 AM IST
Bengaluru: Transport Minister Laxman Savadi said that though the transport department is incurring heavy losses the government has ruled out any hike in bus fares.
Addressing presspersons here on Sunday, January 26 Laxman said that the due to multiple reasons such as price hike in fuel and spare parts, free bus pass, the Transport department is incurring heavy losses.
“BMTC alone is incurring Rs 1 crore loss a day,” he said.
He further added, “The department is currently fourth in revenue generation. The situation is likely to improve by March-end. A few overseas companies have come up with a proposal to provide electric bus on revenue-sharing basis. They are ready to provide the vehicles on 60:40 ratio (60 for state and 40 for the providers) if the state provide them with the routes and bus stands. The proposal will come up for discussion in the meeting scheduled for Monday.”
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured
Kavoor Police arrest two notorious cattle thieves
Udupi: Unidentified body found near Bailkere’s Vidhyodaya School
MLC Ivan D’Souza defends CM Siddaramaiah’s Lokayukta appearance, criticizes BJP’s ‘Drama’ claims
Mangalore University to host Intercollegiate Women’s Kabaddi tournament at Besant College
MUST WATCH
Latest Additions
Felling of trees: What is being done to restore Delhi Ridge? SC asks DDA
Kinnigoli: Truck carrying red stone collides with Auto-Rickshaw; driver injured
UP govt to install 150,000 toilets for Maha Kumbh, set up paying guest facilities
Kavoor Police arrest two notorious cattle thieves
Udupi: Unidentified body found near Bailkere’s Vidhyodaya School
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.