Navi Mumbai Municipal Transport (NMMT), the transport wing of Navi Mumbai Municipal Corporation, has presented its budget for the financial year 2018-19 with a total estimated revenue of Rs 333.11 crore and estimated expenditure of Rs 333.4 crore, with a surplus of Rs 6 .75 lakh. The annual budget was presented by Shirish Aradhwad, Manager, NMMT.
In the FY 2017-18, the transport had presented income of Rs 247.74 crore and expenditure of Rs 247.69 crore with opening balance of Rs 4.75 lakh.
The Transport body is planning to procure 40 electric buses, develop and utilize Vashi bus terminal for commercial purpose, utilize the funds from the central government for providing modern services in Rabale depot as well as develop a training centre for bus drivers in 2018-19, said Aradhwad.
Considering the initial budget estimate for 2017-18 of Rs 312 crore was not met, the administration has projected acquisition of only 30-odd buses,” he added.