The KSRTC is to use its units across the State for body building work to save money, as has been done in the past.
The State-owned Kerala State Road Transport Corporation (KSRTC) is to purchase 1,350 chassis as part of its fleet augmentation programme and post executive directors and Financial Advisor and Chief Accounts Officer (FA&CAO) on deputation.
The director board of the KSRTC, chaired by Chairman and Managing Director Antony Chacko, in Kochi on Monday gave the nod for procuring the chassis in the ratio of 80:10:10 from three leading firms. The transport utility will need around Rs.350 crore for the fleet augmentation programme, which is aimed at replacing old buses.
The money is to be sourced from Plan funds and loan from Housing and Urban Development Corporation Ltd. (HUDCO).
The KSRTC is to use its units across the State for body building work to save money, as has been done in the past.
The director board also gave its approval to post Executive Director (Operations), Executive Director (Vigilance), and FA&COA on deputation.
The Accounts Officer, on deputation from the Textiles Corporation and holding the charge of FA & COA, has been made General Manager of the KSRTC.
The first director board meeting of the Kerala Urban Road Transport Corporation (KURTC), the subsidiary set up under the KSRTC to operate buses to be procured under the Jawaharlal Nehru National Urban Renewal Mission, was also held after the board meeting of the KSRTC.
News: The Hindu
