News

NMMC TO DEVELOP CITY DEPOTS AND TERMINUS THROUGH PPP

nmmc-2The NMMC general body has approved the development of the bus depots and terminus plots, transferred from CIDCO to NMMC, through Public Private Participation (PPP). A total of 15 plots, 3 for bus depots and 12 for bus terminus were transferred to NMMC by CIDCO Ltd. NMMT is also in the process of getting plots for depot and terminus from MIDC too. The said development through PPP is proposed to provide parking and other facilities to the citizens. With more than 50% of the revenue being spent on fuel, the cost of fuel rising day by day and stiff competition from BEST, TMT, St, KDMT and the railways, NMMT is running in loss. Therefore the said development will enable revenue from additional sources apart from the bus fares and will also prevent encroachments on these lands. The NMMC general body also approved the policy of developing all lands transferred from CIDCO through PPP, without incurring any capital cost for the corporation and generating big revenue apart from the bus fare and providing more services. The corporation will develop these plots through the appointment of a consultant. Bureau report NMTV

Tags

Related Articles

Back to top button
Close
Close