To improve the urban transport infrastructure, Gujarat State Road Transport Corporation (“GSRTC”) has awarded bids to develop and operate state-of-the-art Bus Terminal Facility (”BTF”) with an iconic structure and design as well as modern facilities that integrate Commercial Facilities (“CF”) on Design, Build, Finance, Operate and Transfer (“DBFOT”) Basis.
The BT Facility Construction work envisages development of the latest infrastructure including bus bays, administrative area, operating area, works/repairs area, passenger amenities, etc. The SPV of the Company will have to maintain certain basic BTF facility for 30 years, while the core operating and depot facility will be maintained by GSRTC. In consideration, the Company will get the right to develop, design, finance, construct, operate and maintain the CF (shops, offices, restaurants, hospitals, multiplex, parking lots, etc.) to be leased upto period of 90 (ninety) years. At Amreli, out of the total area of 17,095 square meters, the BTF facility will be constructed in 7,719 square meter built-up area incorporating 12 (twelve) boarding/alighting bays and six (6) idle bays. In consideration we are getting right to monetise CF of about 12,800 square meters. While, at Modasa, out of the total area of 30,212 square meters, the BTF facility will be constructed in 6,279 square meter incorporating 11 (eleven) boarding/alighting bays and seven (7) idle bays. In consideration we are getting right to monetise CF of about 39,000 square meters.
While the Amreli BTF facility is awarded individually to Nila Infrastructures Limited (the “Company”), the Modasa BT facility is awarded in Consortium with Vyapti Infrabuild Pvt Ltd (wherein the Company’s share is 34%).
About 15 lakh GSRTC passengers/month of Amreli and Modasa depots will benefit from our innovative and intelligent solutions.