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Home »Mumbai एस Depot and ST buses pledged

ST buses along with depot also pledged
The loan process is in its final stages

Sushant More |
November 21, 2020 12:03 am

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(Archived photo)

Sushant More
The ST Corporation, which was in financial crisis due to the Corona outbreak, has started the process of borrowing Rs 2,000 crore from a government bank and is in the final stages.. However, for this loan, along with depots and stations, ST buses will also be pledged.
Since March, passengers have turned their backs on ST travel due to the Corona companion. As soon as the lockout started from March 22, ST’s passenger traffic was completely stopped. As a result, he stopped earning Rs 22 crore a day. It affected the salaries of the employees and they started getting it late. The ST Corporation has so far received only government funds for salaries. But it was decided to take a loan from a government bank as ST needed huge funds to cover other expenses including salary.
In the first week of November, a loan from a government bank was sealed and the process was started.. Further discussions have been held with the bank before Diwali and the corporation has indicated its readiness to pledge some depots and bus stands for the loan.. A list of some depots is also given according to the value of ST depots. Sources said that it was decided to pledge ST trains along with the depots.
Property of ST
* There are 250 depots, 609 bus stands and 18,600 buses. Its real value is a few thousand crore rupees.
* The total cost of ST bus is Rs.700 crore. At present Mahamandal has buses of Nimaaram, air-conditioned Shivshahi, Shivneri, Ashwamedh besides simple buses..
* The exact bus depots and stations to be pledged by the corporation, as well as the number and type of buses to be pledged are being kept secret..
* If a loan of Rs 2,000 crore is received, ST Corporation will pay a monthly installment of Rs 40 crore to the bank.
The process of borrowing Rs 2,000 crore from the bank is in its final stages. For this, ST vehicles will be kept as collateral along with depots. It is not appropriate to give other information about this.
– Shekhar Channe, Managing Director, ST Corporation
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First Published on November 21, 2020 12:03 am Web Title: st buses along with depot also pledged abn 97

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ST Corporation, which is in financial crisis due to Corona Saathi, has started the process of borrowing Rs 2,000 crore from a government bank and is in the final stages.. However, for this loan, along with depots and stations, ST buses will also be pledged.

Since March, passengers have turned their backs on ST travel due to the corona. As soon as the lockout started from March 22, ST’s passenger traffic was completely stopped. As a result, he stopped earning Rs 22 crore a day. It affected the salaries of the employees and they started getting it late. The ST Corporation has so far received only government funds for salaries. But it was decided to take a loan from a government bank as ST needed huge funds to cover other expenses including salary.

In the first week of November, a loan from a government bank was sealed and the process was started.. Further discussions have been held with the bank before Diwali and the corporation has indicated its readiness to pledge some depots and bus stands for the loan.. A list of some depots is also given according to the value of ST depots. Sources said that it was decided to pledge ST vehicles along with the depots.

There are 250 depots, 609 bus stands and 18,600 buses. Its real value is a few thousand crore rupees.

The total cost of ST bus is Rs.700 crore. At present Mahamandal has buses of Nimaaram, air-conditioned Shivshahi, Shivneri, Ashwamedh besides simple buses..

The exact number of bus depots and stations to be pledged by the corporation, as well as the number and type of buses to be pledged are being kept secret..

* If a loan of Rs 2,000 crore is received, ST Corporation will pay an installment of Rs 40 crore per month to the bank.

The process of borrowing Rs 2,000 crore from the bank is in its final stages. For this, ST vehicles will be kept as collateral along with depots. It is not appropriate to give other information about this.

Democracy is now on the telegram. Click here to join our channel (okLoksatta) and get the latest and breaking news.

Uddhav Thackeray, Pravin Darekar, Mumbai

EbeneMagazine – IN –
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Ref: https://www.loksatta.com

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