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Timely fund allocation can help MSRTC recover losses: Transport Minister

MSRTC, which connects big cities and also remote areas of the state, currently operates a fleet of 14,300 buses. In January, Sarnaik said the corporation will buy 5,000 buses every year for the next five years to augment its fleet

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Maharashtra Transport Minister Pratap Sarnaik. File Pic

Maharashtra Transport Minister Pratap Sarnaik. File Pic

Maharashtra Transport Minister Pratap Sarnaik has said that delays in receiving government subsidies, particularly those related to concessions provided to select groups of passengers, have adversely affected state-run MSRTC's financial health.

He emphasised that timely release of funds from the state finance department is crucial for the Maharashtra State Road Transport Corporation (MSRTC) to overcome its financial losses.

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