HomeBusinessBRT's annual loss was more than 6 billion rupees

BRT’s annual loss was more than 6 billion rupees

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BRT’s annual deficit has been more than 6 billion rupees. The KP Urban Mobility Authority has proposed a fare hike, where there will be an additional revenue of Rs 1 billion 36 crore.

On the other hand, Finance Advisor Khyber Pakhtunkhwa Muzamil Aslam says that increasing the price of BRT is inevitable. CEO Trans Peshawar says electricity and diesel prices have doubled in two years, but fares have not increased, causing losses.

BRT’s annual deficit has been more than 6 billion rupees. To manage the deficit, the government has started considering other options including increasing the BRT fare.

According to official sources, the Khyber Pakhtunkhwa Urban Mobility Authority has proposed an increase in the rent to the Finance Department. According to that, by increasing the rent by Rs 5, 67 crores and by increasing the rent by Rs 10 crores, an additional revenue of Rs. Despite the increase in BRT ridership, the subsidy increases every year.

Official sources say that each passenger gets a subsidy of Rs 50 from the government treasury, a fare of Rs 28 is collected from a passenger while the cost is Rs 80. The monthly cost of electricity and diesel is at BRT more than Rs 20 crore. The Finance Department has asked for further proposals from the Transport Department and Trans Peshawar to bring BRT out of the financial deficit.

According to the sources, the caretaker government was suggested to increase the BRT price, but the caretaker government left the decision to increase the price to the elected government.

Khyber Pakhtunkhwa Finance Advisor Muzamil Aslam in a chat with Geo News said that it is inevitable to increase the price of BRT. He has asked for a proposal to increase the price of BRT as per inflation rate while he has directed Trans Peshawar to reduce the cost of BRT, install solar system in BRT and contractors to reduce the cost review the contracts.

He said there was an effort to reduce the loss of the government and put the burden on the people to the minimum.

Trans Peshawar CEO Tariq Usman told Geonews that the loss of BRT has increased due to not increasing fares. Electricity and diesel prices have doubled in two years, but prices have not risen.

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