About 28 percent of government schools availing bus services of Kadamba Transport Corporation (KTC) to ferry school children are incurring losses to the corporation.
Out of 86 schools only 62 schools are helping in earning minimal school bus transportation revenue between Rs 40 and Rs 1700 to the corporation and remaining 24 schools are not generating any revenue instead incur losses ranging from 3 percent to 40 percent.
However the KTC incurs expenditure ranging between Rs 10,000 and Rs 56,000 on school buses operating on different routes while the revenue generation is negative or very little in most routes. Kadamba operates 86 school buses making 172 trips per day and the directorate of education pays three lakh each year per bus while for private schools KTC collects fees from the students through monthly concessional pass scheme.
The cash strapped Kadamba Transport Corporation earning more losses than profits has outstanding amount of Rs 1.68 crores from education department for plying buses in government schools.
“There is outstanding amount from the directorate of education of Rs 1.68 crore for ferrying school staff and children during pandemic. We have now written to the government to release the unpaid amount at the earliest”, a senior official from KTC said.
Among 86 schools the most profitable routes operated by KTC are from Mary Immaculate, Don Bosco, People High School, INS Mandovi School, and Sanjay School with more children covering less distance between home and school helping KTC to generate revenue ranging between Rs 5,200 and Rs 14,000.
However Vidhya Bhavan Mandir high school, Multipurpose High School and Tarabai Dalvi High School in South Goa are operated on no profit no loss basis. Around, three buses ferrying school children of Regina Mundi high school on Baina and MES Circle Airport routes incurring loss between 37 percent to 42 percent.
Despite facing loses, the corporation has received request to operate more 58 routes ferrying school children, and the management is yet take a decision.