The annual deficit of BRT has exceeded 6 billion rupees. KP City Mobility Authority has proposed a rise in fares, underneath which an extra income of Rs. 1 billion 36 crore will probably be obtained.
However, Finance Advisor Khyber Pakhtunkhwa Muzamil Aslam says that growing the fare of BRT is inevitable. CEO Trans Peshawar says that electrical energy and diesel costs have doubled in two years, however fares haven’t been elevated, which is inflicting losses.
The annual deficit of BRT has exceeded 6 billion rupees. To regulate the deficit, the federal government has began contemplating different choices together with growing the BRT fare.
In accordance with official sources, the Khyber Pakhtunkhwa City Mobility Authority has proposed a rise within the lease to the Finance Division. In accordance with which, by growing the lease by Rs. 5, 67 crores and by growing the lease by Rs. 10 crores, an extra income of Rs. 1.36 billion will probably be obtained. Regardless of the rise in BRT ridership, the subsidy is growing yearly.
Official sources say that each passenger is being given a subsidy of Rs 50 from the federal government treasury, a fare of Rs 28 is being collected from a passenger whereas the price is Rs 80. The month-to-month value of electrical energy and diesel on BRT is greater than Rs 20 crore. The Finance Division has sought additional proposals from the Transport Division and Trans Peshawar to carry BRT out of deficit.
In accordance with the sources, the caretaker authorities was instructed to extend the BRT fare, however the caretaker authorities left the choice to extend the fare to the elected authorities.
Khyber Pakhtunkhwa Finance Advisor Muzamil Aslam stated in a dialog with Geo Information that it’s inevitable to extend the fare of BRT. It has requested for a proposal to extend the fare of BRT as per the speed of inflation whereas it has directed Trans Peshawar to cut back the price of BRT, to put in photo voltaic system in BRT and contractors to cut back the price. It has additionally been directed to revise the contracts.
He stated that there’s an effort to cut back the lack of the federal government and to place the burden on the individuals to a minimal.
CEO Trans Peshawar Tariq Usman advised Geonews that the lack of BRT has elevated as a consequence of not growing fares. Electrical energy and diesel costs have doubled in two years, however fares haven’t been hiked.
