DTC incurs loss of over Rs1,222 crore in 2007-08

DTC incurs loss of over Rs1,222 crore in 2007-08
PTI
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First Published: Wed, Jun 17 2009. 08 51 PM IST
Updated: Wed, Jun 17 2009. 08 51 PM IST
New Delhi:The Delhi Transport Corporation (DTC) which runs the world’s largest fleet of CNG buses has incurred a total loss of over Rs1,222 crore in the financial year 2007-08.
As per the audit report, which was submitted in the assembly today, the DTC accumulated loss stood at Rs6,186 crore as in March 2008 as against Rs 4,963 crore in 2007.
Delhi transport minister Arvinder Singh Lovely said,“We have sent a proposal to union urban development ministry to develop commercial complexes like luxury hotels and restaurants in Kashmiri Gate, Anand Vihar and Sarai Kale Khan bus depots.” This will generate revenues on the lines of metro stations he added.
When asked to comment on the losses, he said the bus fare in Delhi is the lowest among all the metros and as a government-run public transport, DTC’s objective is to provide low cost transportation to the common man.
Commenting on the huge losses incurred by the corporation, chief minister Sheila Dikshit said the government might offer some help to it in the budget which will be presented in the assembly on 22 June.
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First Published: Wed, Jun 17 2009. 08 51 PM IST