Andhra Pradesh State Road Transport Corporation (APSRTC) bifurcation is likely to happen by the end of January. Reports reveal that the officials have derived a win-win formula for the bifurcation of APSRTC between the two states.
Andhra Pradesh Chief Secretary IYR Krishna Rao and his Telangana counterpart Rajiv Sharma had a meeting and arrived to a consensus, and the bifurcation process is likely to begin by end of January. Earlier, the RTC management has received the representations from the employees unions of both states.
The corporation has decided to share the assets and liabilities according to the Sheila Bhide Committee suggestion, while the employees division process will take place as per the Kamalanathan Committee recommendation.
The TSRTC employees are hoping that the government will create 8,000 new jobs, once the bifurcation process gets completed, as the corporation is likely to get 10 more additional depots.
The Bus Bhavan, RTC Hospital at Tarnaka and the Miyapur Bus Building Unit (BBU) will belong to the TSRTC, although the Bus Bhavan is going to be the common headquarters for the first ten years, following the bifurcation Act.