GSRTC plans to lease out 14 more bus-stations to private players

Ahmedabad, 11 October 2014

Gujarat State Road Transport Corporation(GSRTC) is likely to give 14 more ST stations to private parties on lease for redevelopment.

GSRTC had earlier given six ST bus stations on lease to private parties for redevelopment of ST bus complexes under public private partnership model.

As one-time-settlement, Surat ST station was given to private party on 90 years lease for Rs. 19 crore, Mehsana 25 crore, Vadodara central ST station 10.52 crore, Vadodara Makarpura ST station Rs. 8 core, Ahmedabad’s Gita mandir ST station Rs. 41 crore, Ahmedabad Subhash bridge ST station for Rs. 15 crore. GSRTC will get this amount during 90 years period in installment. Rental of shops and advertisement revenue will go to private party.

Office bearers of employees union of GSRTC had recently made representation before state minister Nitin Patel to give more ST stations on lease only for 30 years period and not 90 years period.

Following this, the state government has taken a decision to give next lot of 14 ST stations on lease only for 30 years period. These 14 stations are; Patan, Anand, Nadiad, Bharuch, Navsari, Kadodara, Junagadh, Jamnagar, Bhavnagar, Amreli, Surendranagar, Bhuj and Surat(Lambe Hanuman).

Not only this, but private party will need to make payment on monthly basis for lease.