Submitted by Old Onions Bag
The days of the Transport Board operating as a quasi Governmental institution are numbered. We have tried our best for years now to make it break even, and or make profit but to no avail. One of the reasons, (which there are many) by nature Government institutions operate intending to give social benefits and not to make profit paramount at the expense of societal benefits. Obviously there lies the reoccurring problem with our Transport Board. Before, the organization was operating with a management whose training and thought was not to maximize the bottom line.
We cannot eat the cake and have it too…either we want to operate profitably or we want to provide solely social benefits? Profitability could mean, leasing to a private concern, whose management will want to make profits for its shareholders.
Transport Board as it stands sucks up good bucks that could help reduce a deficit lending institutions like the IMF see as hazardous to our country’s health. When will a decision be made? We could use the mega bucks as with BNB (now Republic Bank) which has had a complete turn around placing more in our Treasury and employing even more staff?