Rs 5-cr outlay for BOT bus terminals in Punjab

Written by Charanjit Ahuja | Chandigarh, Feb 22 | Updated: Feb 23 2008, 06:46am hrs
DLF India, Indiabulls, Gammon, GMR Infrastructure, Parsvnath, Unitech and Omaxe are among several top companies that have evinced interest in constructing three state-of-the-art bus terminals in Punjab. The unique bus terminals would have multiplexes, shopping malls and would be built on build-operate-transfer (BOT) basis with a total capital outlay of about Rs 500 crore.

As per the official sources, this is the first-of-its-kind concept with Hong Kong being the only exception.

Managing director of Punjab Infrastructure Development Board (PIDB) Sukhbir Singh Sandhu told FE that these modern bus terminals are to come up at Mohali, Bathinda and Patiala. As many as 28 companies have filed expression of interest for Mohali bus terminal-cum-commercial complex alone, he added. He further said that the selected developer would recover the amount spent on the construction work from the commercial space to be developed on the upper floors of the bus terminal.

Chief general manager of PIDB Gurpartap Singh Mann told FE that the agreement with the private developer would include a clause that the developer would maintain the bus terminals and provide basis facilities as agreed to commuters at the terminal.

He said,"The concessionaire would operate and maintain the bus terminal for a specific period which is 11 years and five months including the construction period of 18 months in case of Amritsar. However, the bus terminals at Mohali, Bathinda and Patiala would have much longer period, approximately 40 years, in view of high investments to be made by the prospective developers."

Mann informed that Mohali bus terminal-cum-commercial complex would come up on about 6.6 acres, Patiala bus terminal on about 10 acres while modern bus terminal at Bathinda would come up on an existing site. The terminals would be commissioned within next three years, he added.