MSRTC plans to monetise depots to cut massive debt

₹4,400 CR DEBT | Poor financials of the corporation and plight of its employees was discussed during the Question Hour in the legislative council; plan will be implemented on PPP basis

- Ramu Bhagwat

The Maharashtra Transport Corporation is ready with a plan to develop its 216 bus depots across the state on private-public-participation (PPP) basis. Under the plan, spaces available will be commercially exploited to shore up revenue of the corporation to meet its mounting liabilities to the tune of Rs 4,400 crore and MSRTC is pulled out of the red in next six months.

State transport minister Pratap Sarnaik gave firm assurance to concerned members of the Upper House that a new plan is afoot to revamp the MSRTC so that its employees are paid salaries before 10th of every month. The poor financial status of the corporation and plight of its employees was discussed during the Question Hour on Wednesday in the legislative council.