LUCKNOW: UP State Road Transport Corporation (UPSRTC) made an inadmissible and excess payment of Rs 69.8 crore to a private firm in violation of the conditions of the agreement in implementation of Intelligent Transport Management System (ITMS) project, said the CAG report 2020. It also suffered a consequential loss of interest of Rs 15.6 crore on excess payments.
The Corporation had executed an agreement with the M/s Trimax IT Infrastructure & Services Limited, Mumbai on February 2, 2013 for supply, installation and operation of ITMS for a period of five years. ITMS aimed to provide an integrated ticketing system, vehicle tracking system and passengers' information system.
