MUMBAI, June 29 -- In a bid to increase revenue of the debt-ridden Maharashtra State Road Transport Corporation (MSRTC), the transport department has decided to set up a mega vehicle scrapping facility near Chhatrapati Sambhaji Nagar on 100 acre of land. It will be on Public Private Partnership (PPP) basis and the bidder will be selected on the basis of the revenue share he offers. The facility will be around 20 times bigger than the existing facilities in the state, which are built on 2-5 acre of land. It will be built at Khuldabad in Chhatrapati Sambhaji Nagar district, on a 100-acre MSRTC-owned land parcel. Currently, eight authorised entities operate scrapping centers in the state, each with an annual capacity of scrapping a minimum of 1,000 vehicles. Transport minister Pratap Sarnaik on Friday said, "This new centre will ensure that old vehicles are scientifically dismantled and their parts are permanently disposed off in a way that prevents reuse. The initiative is expected to generate a new and sustainable revenue stream for MSRTC." The white paper released last week on the financial situation of MSRTC showed that its accumulated losses for five decades stand at Rs.10,322 crore, while dues towards employees' provident fund and gratuity have reached Rs.3,297 crore. A transport department officer said that the site for the new facility has access from different regions of the state. "It's on a fast track route from Mumbai and Vidarbha region due to the Samruddhi Express highway. It is close to north Maharashtra and also western Maharashtra. In the coming years, around 6000 ST buses of MSRTC will go for scrapping there as they turn old. Vehicles from government offices will also go for scrapping. So there is a huge scope in this facility to earn good revenue for MSRTC," said the officer. He added that MSRTC is planning to float the tender on the basis of revenue-sharing model instead of a one-time-amount model, and the company which will offer the biggest share will get the work....