The APSRTC will focus its energies on improving cash flow to a stage where working capital requirements could be met, apart from taking steps to increase occupancy ratio and fuel efficiency, said Managing Director A.K. Khan.
During an interaction with presspersons here on Tuesday, he said if occupancy could be increased by even three to four per cent from the current 71 per cent, it would mean a lot for the beleaguered corporation.
“We need to get out of a situation where we are forced to take loans even for working capital requirements,” he said. Currently, of the 210 bus depots of the corporation, 195 are in the red and APSRTC sustains a daily loss of Rs. 2 crore, he added. Every team leader had been asked to prepare a working plan, identifying six areas where improvement was possible with the broad objective of maximising revenue and minimising expenditure. After getting their feedback, a report would be compiled and sent to the government, together with a study report on public transport in Australia.
Mr. Khan, accompanied by Executive Directors -- G.V. Ramana Rao and M. Ravinder, had recently visited Australia and studied public transportation systems in Brisbane.