Srinagar, Mar 5: The government Tuesday constituted a committee to suggest measures to revive the loss-making State Road Transport Corporation (SRTC).
The four-member committee, as per an official order, has been asked to “examine and suggest alternate models/options for the revival of JKSRTC to make it economically viable and self-reliant” within a period of three months.
The committee is to be chaired by Administrative Secretary, Finance Department, Arun Kumar Mehta with administrative secretaries, Transport and Planning departments, along with Managing Director SRTC, as its members.
SRTC, which employs over 2000 people, has been running in heavy losses for years now and all the attempts to bring it back on track have, so far, failed.
Noticing its poor performance year-on-year, the erstwhile governments even decided to outsource SRTC on ‘public-private partnership’ mode, a move that never materialised.
Most of the vehicles of the SRTC are lying defunct as authorities over the years have failed to repair them so that they could have been made available for the operations.