Metro Mass Transit – leading provider of public transportation services in the country – after years of recording losses is seeking to revamp its operations and become profitable once more.
According to its books, the company’s current debt stood at GH¢123million as of August this year from GH¢130million in first-quarter of the year. Managing Director-MMT Mr. Cezario Kale confirmed that MMT is currently confronted with several operational challenges.
For instance, at the time of its establishment in 2004 MMT was equipped with over 1000 buses; however, data from the company indicate that only about 115 buses are currently operational.
This drastic reduction of the fleet in recent years has also affected the company’s 350 traditional routes, reducing them to just 88 nationwide.
Despite current challenges, the company, according to Mr. Kale, is embarking on a retooling agenda to bring in about 2,000 buses and revive operations. These acquisitions are expected to be credit-based, with repayment time ranging between three to 10 years and no down-payment.
The company plans to introduce three innovative services: MMT Express Pessenger Service, MMT Cargo and Parcel Services and MMT Bus Hiring and Contract Service as well as air-conditioned buses for passenger comfort.
The company is also focused on modernising infrastructure to meet competition in the market. Ultimately, these improvements, according to MMT, will positively impact revenue inflow and contribute to the company’s revival.
Mr. Kale assured that MMT will continue to study market trends, identify opportunities and adapt to suit the commuting public’s taste.
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