In a bid to augment its non-traffic revenues, the Telangana State Road Transport Corporation (TSRTC) has leased out 52 of its unused spaces across the State for commercial business by way of setting up retail fuel outlets on rental basis to the Hindusthan Petroleum Corporation for a duration of 30 years. A memorandum to this effect was signed by officials of both organisations at the corporate office on Saturday. The entire cost of construction for the retail outlets would be borne by Hindusthan Petroleum and it was estimated that the TSRTC would get a revenue of about Rs. 100 million annually towards lease rentals and sale of fuel.
Among those present while the MoU was signed were TSRTC MD G.V. Ramana Rao and Hindusthan Petroleum’s General Manager-Retail (South Central Zone) G.S.V. Prasad. Interestingly, all the 52 outlets would be operated by the TSRTC on its own by appointing service providers who would handle the logistics of having the required personnel on outsourcing. The service providers would be appointed through open tenders on competitive bidding, a press release said. Charlie Blackmon Authentic JerseyShare This