MSRTC to redevelop six bus terminuses

The Maharashtra State Road Transport Corporation (MSRTC) has proposed a plan to redevelop six bus terminuses in Maharashtra – Aurangabad, Karad, Nashik, Panvel, Akola and Ratnagiri. The redeveloped bus terminuses will have passenger waiting lounges, toilets and parking spaces for auto rickshaws & private vehicles on the ground floor and commercial establishments on the upper floors. The corporation will provide land to the private developers who will develop the terminuses on a design, build, finance, transfer and lease (DBFTL) basis. They will develop the necessary infrastructure, bear the cost of construction and pay a premium, as well as pay a monthly rent to the MSRTC as per the lease deed. The developers in turn will generate revenue by marketing the commercial premises, Depending on the success of the project in the six bus terminuses, the MSRTC plans to extend the concept to other cities in the state.