To address rising expenses and a financial shortfall of INR 6,600 crores annually, the govt is focusing on new revenue streams. The initiative involves using the luggage space in STU buses to transport goods and storing luggage at bus depots. This project will be executed through a public-private partnership (PPP) model.
A consultant will conduct a feasibility study, and Pallavan Transport Consultancy Services Limited will act as the nodal agency. This move aims to ensure the long-term sustainability of public transport while diversifying revenue.
The STUs already generate non-fare revenue through diesel retail, advertising, and CNG buses, among other initiatives.
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