Next stop for urban transport MULTI-LEVEL BUS TERMINALS
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17/07/2008
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Economic Times (New Delhi)
Gunjan Pradhan Sinha & Vikas Bhardwaj NEW DELHI
INFRASTRUCTURE Leasing and Finance Services (IL&FS) Development Corporation is laying down the blueprint for multi-level bus terminals with taxi stands, private food chain outlets and shopping complexes in Gujarat, Punjab, West Bengal, Orissa, Bihar Andhra Pradesh and Karnataka. The infrastructure consulting and investment firm may also pick up a stake in these projects.
"We are in talks with a few private players in these states for these bus terminals. These bus terminals will not only have world class infrastructure but also a new fleet of modern and fuel efficient buses,' IL&FS managing director D K Mittal told ET. Each new terminal will have a fleet of at least 30-40 modern buses which may also be air cooled like the ones being used in Delhi.
Under the proposed format, the private developer will be given the existing state-owned bus terminals on a long term lease of 20-30 years. In return, the developer will have to pay a certain part of the revenue to the concerned state government. "We have drawn out plans for Ludhiana & Jallandhar in Punjab, Patna in Bihar, Ahemdabad in Gujarat, Howrah in West Bengal and Thiruvanathapuram in Kerela. In other, states we are still deciding locations,' Mr Mittal said. So far, one terminal has become operational in Amritsar in Punjab and the model will be expanded to other towns in the state.
The terminals will be developed on a public private partnership (PPP) model and would generate revenue from terminal fees, night parking for buses, parking fee from commercial vehicles, lease rentals from commercial facilities, including offices and advertisements.
Surprisingly, there are no tier I towns in the plan. The models will be tested on a pilot basis in tier II towns and then extended to other cities. IL&FS is going by the interest shown by various state governments for its urban transport initiatives. This apart, IL&FS is also working on a bus rapid transit system (BRTS) for Pune.
gunjan.pradhan@timesgroup.com