APSRTC Provides Clarification on E-Bus Initiative and PPP Policy to Enhance Public Transport System

The Executive Director of Administration for the corporation has responded to recent concerns regarding Public-Private Partnership (PPP) projects. In his statement, he emphasized that the practice of leasing vacant lands through open tenders has been a longstanding approach since 2005. This strategy aims to generate commercial revenue and enhance the financial stability of the corporation.

By utilizing an open tender process, the corporation ensures transparency and competitiveness, allowing private entities to bid for leasing opportunities. This not only promotes efficient use of public resources but also contributes to local economic development. The leasing of these lands is seen as a crucial component of the corporations broader financial strategy, helping to fund ongoing and future projects.

Since the inception of this practice, the corporation has reportedly seen a positive impact on its revenue streams, enabling it to invest in various initiatives that benefit the community. The Executive Director reassured stakeholders that the corporation remains committed to responsible financial management and exploring innovative partnerships that align with public interests.