APSRTC officials have clarified that the corporation is not being privatized. They explained that vacant lands are being leased through open tenders for commercial revenue, a practice since 2005. Over the last 20 years, 24.86 acres were leased for 29 projects. The Tirupati bus terminus redevelopment is underway with NHLML support. Under the PM e-Bus Sewa Scheme, sites are being identified for electric bus depots and charging stations. Officials urged employees and the public not to believe baseless rumors regarding privatization.
https://telugu.oneindia.com/news/andhra-pradesh/apsrtc-rejects-privatisation-claims-cites-open-tender-process-for-private-leases-492189.html
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