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Centre to spend Rs 100 cr on CNG plants for KSRTC

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Centre to spend Rs 100 cr on CNG plants for KSRTC
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New Delhi: Kerala's public road transport Monday got a 'green' boost with the Centre agreeing to set up CNG plants in the state at an estimated cost of Rs 100 crore.

This assurance was given by Petroleum Minister M Veerappa Moily when Chief Minister Oommen Chandy and Transport Minister Aryadan Mohammed met him seeking central assistance to save the Kerala State Road Transport Corporation which is incurring monthly loss ranging from Rs 70 crore to Rs 90 crore.

"Moily has assured us that Rs 100 crore will be sanctioned to KSRTC to set up CNG plants. It is a great help and it will save the struggling public transport sector," Chandy told reporters here.

At present, the Corporation has 5,555 schedules and 6,179 buses. The average earnings per km works out to round about Rs 30.83 and the average earnings per bus (EPB) works out to Rs 10,049.

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