Uttarakhand roadways suffered a loss of 520 crores in 18 years,never earned a profit since formation

Transport Corporation, formed on October 31, 2003, three years after its separation from Uttar Pradesh, is currently in a loss of Rs 520 crore

Uttarakhand roadways suffered a loss of 520 crores in 18 years,never earned a profit since formation

Uttarakhand Transport Corporation, formed on October 31, 2003, three years after its separation from Uttar Pradesh, is currently in a loss of Rs 520 crore. Surprisingly, even in these 18 years of its formation, the Transport Corporation did not earn any profit even for once. The biggest loss in the last 18 years was due to the Corona period in the year 2020-21, which is Rs 161 crore.

The corporation suffered the minimum loss in the year 2007-08 which was Rs 31 lakh. At present, the Transport Corporation, which is buried under a loss of 520 crores, has not been able to pay the salaries to its employees for five months. How will the corporation recovered from this loss, neither the corporation nor the government has this answer.

19 crores spent on salary every month

The Transport Corporation needs Rs 19 crore for salaries every month. In this, Rs 17,53,81,710 are spent on category 'C' and 'D' personnel, while Rs 41,85,497 are spent on 'A' and 'B' officers. Out of this expenditure of Rs 19 crore every month, the maximum amount is spent on 'C' and 'D' category regular employees, which is Rs 13,14,15,186. 1.12 crore is spent on contract workers, while Rs 3.20 crore is spent on special categories.
54 crore loss in lockdown.

Last year due to Corona, the roadways suffered a loss of about Rs 54 crore in the lock-down that started on March 22. It had a loss of 23 crores in April, 7 crores in May and 23 crores in June. During this, the income was Rs 20 crore, which was given by the government for bringing and transporting the migrants, while the total expenditure was about 75 crores. Apart from this, the roadways have suffered a loss of about 42 crores due to the stoppage of the operation of buses when the infection increases again in April and May this year.It had a loss of 8 crores in April and 34 crores in May. June's deficit figures are is yet to come.

Year-on-year loss

From 31 October 2003 to 31 March 2004, the roadways incurred a loss of 10 crores. This was followed by 15 crores in 2004-05, 10 crores in 2005-06, 2 crores in 2006-07, 31 lakhs in 2007-08, 14 crores in 2008-09, 11 crores in 2009-10 and 28 crores in 2010-11. Apart from this, 26 crores in 2011-12, 25 crores in 2012-13, 37 crores in 2013-14, 34 crores in 2014-15, 10 crores in 2015-16, 19 crores in 2016-17, 23 crores in 2017-18 44 crores in 2018-19, 47 crores in 2019-20 while there was a loss of 161 crores in 2020-21.

Two and a half times the cost per km

The cost of per km running of Uttarakhand roadways is being said to be two and a half times more than that of Uttar Pradesh. Apart from this, when Uttarakhand Transport Corporation was formed in 2003, 7100 regular employees from Uttar Pradesh has come with the department. Fifty percent of them were those who had served in Uttar Pradesh for about 35 to 40 years. They retired in the next two to three years as soon as they came to Uttarakhand. Their entire gratuity and other payments had to be paid by the Uttarakhand Transport Corporation, due to which the loss also kept increasing. If the Uttarakhand Transport Corporation gets the pending Rs 600 crore which was due in lieu of the share of the central assets from Uttar Pradesh, then this loss would have been recovered by itself.