3 weeks ago
Maharashtra to Develop 147 MSRTC Properties in PPP Mode
Maharashtra is a big state in India, and it has a huge bus company called MSRTC.
Every day, about 5.5 million people ride its buses.
Many of the bus stations are very old — some are more than 40 years old.
The government wants to build new, modern bus stations.
To pay for this, it will ask private companies to help.
This teamwork between the government and private companies is called a Public-Private Partnership.
The plan will make 147 bus stations and other buildings nicer.
There will be clean waiting areas, offices, hospitals, cinemas and even charging points for electric buses.
The private companies pay for the building work, but the government keeps owning the land.
The government hopes this will make passengers happy and bring in money to improve the bus company.
Deputy Chief Minister Eknath Shinde announced that 147 MSRTC properties, including bus stands, will be developed under the Public-Private Partnership (PPP) model in Phase-I.
The plan includes modern bus ports, passenger amenities, offices, hospitals, cinemas, citizen service centres, solar power systems, EV charging facilities and dedicated charging infrastructure for ST's electric buses.
Land ownership will remain with MSRTC, with no permanent land transfer; the developer will bear 100 per cent of the development cost, and the corporation will receive an upfront premium and regular annual rent.
MSRTC carries around 5.5 million passengers daily with more than 15,500 buses, and many bus station buildings are more than 40 years old.
Transport Minister Pratap Sarnaik said the redevelopment aims to provide modern passenger facilities, create attractive structures for cities and give the corporation sustainable financial strength.
- Who
- Deputy Chief Minister Eknath Shinde, State Transport Minister Pratap Sarnaik and the Maharashtra State Road Transport Corporation (MSRTC)
- What
- Development of 147 MSRTC properties, including bus stands, under the Public-Private Partnership (PPP) model in Phase-I
- Where
- Mumbai, Maharashtra, India; projects include Borivali and Dahivadi in Satara district
- When
- Announced on Tuesday, August 11
- Why
- To modernize outdated bus station infrastructure, provide modern passenger amenities and create a sustainable source of revenue for the state PSU
Key facts
- Properties in Phase-I
- 147 MSRTC properties including bus stands
- Development model
- Public-Private Partnership (PPP)
- Daily passengers
- Around 5.5 million
- Fleet size
- More than 15,500 buses
- Land ownership
- Remains with MSRTC; no permanent land transfer
- Developer's cost share
- 100% of development cost
- Revenue to MSRTC
- Upfront premium and regular annual rent
- Defect liability period
- 5 years
Quotes
State Transport Minister Pratap Sarnaik
State Transport Minister of Maharashtra
“"The new bus stations and other structures ... should not only be equipped with modern facilities but should also be 'iconic' and add to the beauty of the city, while ensuring that citizens receive adequate amenities."”
freepressjournal.in
“The development of MSRTC properties was being planned not merely as a source of commercial revenue but to provide modern facilities to passengers.”
theprint.in
Sources
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