In fact, the APSRTC has credited as one of the best public transport provider in India over decades. In maintaining buses, providing modern bus stations and meeting passenger requirements, besides all in energy efficiency it has been hailed by one and all in the country.
However, miss-governance and deepening corruption in the administration pushed the state-owned Corporation into bankruptcy. If the efforts of Pradesh Congress President Botsa Satyanarayana succeed, it will soon be merged with the State government and all its employees would become part of the government staff.
In a historic move, the state government decided in principle to take over the cash-strapped APSRTC and merge it with the Road Transport Authority. The government issued an order (GO Rt No. 954 dated October 10, 2013) constituting a committee to look into the merger issue, among others.
The committee comprises additional secretary or deputy secretary of transport department, Executive Director (Administration) and FA&CAO (both from APSRTC) and a representative from Unions as members. The Minister Botsa Satyanarayana said that the committee was given a time frame of 100 days to submit its report.
The APSRTC employees and workers have been demanding for a long
time that the government take over the Corporation into its fold as
transport was also one of the essential services like health and
education. There are more than 1.25 lakh employees (including the
contract employees) in the APSRTC which has a fleet of 22,500 buses
operating from 213 depots.
The corporation has been facing huge debts and the accumulated losses have crossed Rs 3,000 crore. The existing debts of the corporation have gone above Rs 4,200 crore. Only positive aspect of the Corporation is that it has massive assets, including vacant lands (most of them in Telangana region), which is valued over Rs 20,000 crore.
The corporation has been paying Rs 300 crore annually as interest for the loans taken from different financial institutions and banks.