The standing committee of the Brihanmumbai Municipal Corporation (BMC) on Thursday passed the proposal to engage Urban Mass Transport Company (UMTC) for preparation of a masterplan for various parking projects in Mumbai. These parking projects are to be developed under a Public-Private Partnership (PPP) module and will be carried out on DBOT (Design, Build, Operate and Transfer) basis. The Ministry of Urban Development of the Government of India has a 25 per cent stakeholding in UMTC. Ashish Chemburkar, member of standing committee said, "UMTC will assist the BMC in the preparation and evaluation of the bid. It will also facilitate the tendering process by advising the BMC on selection of the agency for the projects." These projects are proposed to be undertaken over the span of five years.' Besides the architectural and urban design inputs, the project development activities in context of underground parking will also include geotechnical surveys, soil analysis, traffic studies etc. UMTC will review the design development of the accepted concept plan as prepared by the consultants appointed by the bidders to ensure that the concept has been interpreted correctly. The secretary of the GOI in Ministry of Urban Development is the Chairman of UMTC with a Joint Secretary level IAS officer as the present CEO and MD.