Hyderabad: The deadlock over sharing of RTC assets will test the new resolve of the Chief Secretaries of TS and AP to the pending issues related to the State Reorganisation Act.
The AP government claims that it should get more than Rs 16000 crore as its share from RTC assets located in and around Hyderabad. The TS government has offered Rs 76 crore. The direction given by the Centre on the headquarters issue favours the TS argument but the AP government has filed a petition opposing it.
An RTC official said the corporation has 11 valuable properties in Hyderabad in the form of buildings and land. RTC has third largest bus station in the country at Imliban, a super-speciality hospital at Tarnaka apart from Bus Bhavan.
These properties are worth about Rs 35,000 crore as per rough estimates. AP expects this to be shared in the population ratio of 58:42. In addition, AP expects market valuation of thee assets. As per the Centre’s direction, TS has only offered a share in Bus Bhavan but at book value at the time of construction.
Going by market value, TS has to give AP '1,000 for Bus Bhavan, according to an official who was involved in the talks. Another senior officer said the Supreme Court’s decision on the petition filled by the AP government on the matter may show a way on sharing of RTC assets.
