The MSRTC has set in motion an ambitious plan to redevelop nearly 1,485 hectares of its land through the public-private partnership (PPP) model, with a focus on generating sustainable revenue and improving the financial health of the state-run transport undertaking. MSRTC has been incurring annual losses of around Rs 591 crore in 2025-26 and the corporation’s staggering accumulated deficit is nearly Rs 12,000 crore.A detailed presentation on the redevelopment plan was made before chief minister Devendra Fadnavis on Monday by senior MSRTC officials. The proposal covers strategically located lands attached to MSRTC bus depots, bus stations, workshops and warehouses across urban, semi-urban and rural areas of the state.Reviewing the proposal, Fadnavis directed officials to adopt a depot-specific approach while undertaking redevelopment. “Separate planning should be carried out considering the commercial potential of each depot,” he said. The chief minister also instructed that revenues generated from commercially viable projects be deposited in an escrow account and subsequently utilised for the redevelopment of less profitable projects and other infrastructure initiatives undertaken by the corporation.
