Delhi government's new project: DTC depots to become commercial hubs, aim for Rs 2,600 crore revenue

NEW DELHI: The Delhi Transport Corporation aims to generate Rs 2,600 crores in revenue after its depots become commercial hubs, according to news agency ANI.In an effort to revive the financially struggling Delhi Transport Corporation (DTC), the Delhi government has expedited its commercial development initiatives.Sources told ANI that clearances have been obtained for renovating both the Banda Bahadur Marg and Sukhdev Vihar depots.The anticipated revenue generation from Banda Bahadur Marg depot stands at Rs 1,858 crore, whilst Sukhdev Vihar depot is projected to yield Rs 758 crore.Revenue streams for these modernised, multi-level facilities will include parking fees, advertising revenue, mobile tower installations and office rentals, all designed to strengthen DTC's financial position and improve infrastructure.The development will operate on a self-financing model, requiring no investment from DTC or the government. The initiative aims to modernise these bus facilities, upgrade infrastructure for revenue generation, and improve DTC's financial standing, which has been deteriorating. The completion timeline is set between 21 to 28 months.According to CAG reports presented in Delhi's Vidhan Sabha, DTC's accumulated losses have escalated from Rs 25,299.87 crore in 2015-16 to Rs 60,741.03 crore in 2021-22.The report highlighted significant issues regarding DTC's financial stability and operational efficiency, noting a decline in fleet numbers over recent years. It suggested implementing reforms for improvement.To enhance public transport services, the Delhi government introduced mini electric buses called DEVI on May 2nd in the capital city to improve last-mile connectivity. Plans are underway to replace aged buses that have completed their service life with new electric vehicles.