APSRTC clarifies e-bus initiative, PPP policy to boost public transport system

💰 Ekonomi 📰 India 🕐 3 saat önce

Addressing concerns over PPP projects, corporation’s Executive Director (Administration) says the leasing of vacant lands through open tenders has been an established practice since 2005 to generate commercial revenue and strengthen the corporation’s finances

The Andhra Pradesh State Road Transport Corporation (APSRTC) has clarified its e-bus initiative and Public-Private Partnership (PPP) policy, emphasizing their role in strengthening the public transport system. The corporation's Executive Director (Administration) stated that leasing vacant lands through open tenders, a practice since 2005, is aimed at generating commercial revenue and improving APSRTC's financial stability.

APSRTC's clarification on its e-bus initiative and PPP policy highlights efforts to modernize public transport and ensure financial sustainability through innovative revenue generation.

#finance#policy

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