The Uttarakhand Transport Corporation has announced plans to purchase 250 new buses, including 200 for plains routes and 50 for hilly routes, following approval at a recent board meeting.
The meeting, held on Wednesday under the chairmanship of Principal Secretary and Transport Corporation Board Chairman L Fanai, also approved a three per cent increase in Dearness Allowance (DA) for employees, raising it from 50 per cent to 53 per cent.
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During the meeting, it was reported that the corporation had earlier purchased 100 buses for Rs 35.35 crore, saving approximately Rs 2.76 crore due to a change in GST rates. Tata has now agreed to provide nine additional buses by adding Rs 17 lakh, bringing the total purchase for hilly routes to 109 buses, with deliveries already underway.
The board also discussed proposals for mortgaging assets to fund bus purchases, stipulating that any such proposal must receive prior board approval. The corporation presented its 2024-25 balance sheet, revealing a loss of Rs 46 crore compared to the previous year. In response, the board directed management to take effective measures to increase revenue.
Before the meeting, Managing Director Reena Joshi welcomed Chairman L. Fanai and other board members.