Earlier, a meeting of the board of directors held a couple of months back had decided to opt for Public-Private Partnership (PPP) and auction existing movable properties of the virtually defunct public transportation facility.
“Once the process of auctioning movable properties begins, we will decide on the modality that would be adopted to revive the only state owned public transportation facility,” Babu Ram Acharya, secretary at the Ministry of Labor and Transport Management told myrepublica.com.
Acharya, who is also the chairman of SY, said options on reviving the SY will be discussed and optimum modality will be ascertained once the auction process completes.
Of the total 21 buses belonging to SY, eight can fully or partially be brought into operation, whereas 13 are completely dysfunctional.
Tej Raj Pandey, general manager of SY, informed that tenders have been called to auction 18 units vehicles (13 units of Japanese and Indian buses -- two jeeps, one van, motorcycles and scrap iron, spring plate and aluminum pieces. “We have estimated that the scrapes would be auctioned off at Rs 2.95 million,” said Pandey.
Similarly, 10,000 kg of furniture, plastic goods and stationary, 10,000 kg of iron plate, 5000 kg of Kit , 10,000 kg of spring plate, 3000 kg of rubber, 2147 kg of chair, 20 pieces of tyres, 37 units of battery are also being auctioned through the tender call.
Experts have also urged SY to invite private partners under the PPP to bring competency and to keep the troubled company from political interference.
The SY, once a vibrant transporter with 182 buses on its fleet and its reputation of reliable and comfortable service, has been rendered dysfunctional owing to years of mismanagement. The company also owns 22 ropanies of land in Pulchowk, Lalitpur, and 17 katthas of land in Birgunj.
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