Surat: The Surat Integrated Transportation Development Corporation (SITCO), the special purpose vehicle responsible for developing the Surat Multi-Modal Transport Hub (Surat MMTH), has invited proposals through e-tendering for granting sub-lease hold rights for mixed-use development, operation, and maintenance of approximately 2,08,975 sqm of vertical space above the GSRTC bus terminal building. The project, with a reserve price of ₹226 crore, will be leased for a term of 90 years, allowing further sub-leasing of the constructed built-up space.

As per the tender advertisement by the Rail Land Development Authority (RLDA), the proposed site offers seamless connectivity with the city, direct access from an elevated road, and proximity to multiple public transport modes, including metro, bus, and rail.

The last date for downloading the e-bid document is April 14, 2025, by 14:00 hrs, with the final submission deadline set for 15:00 hrs on the same day. The e-bids will be opened on April 15, 2025, at 15:30 hrs. Interested developers can visit www.tenderwizard.in/RLDA or contact 8450958834, 7877053940, or 9599653865 for further details.

The SITCO was established in 2017, as a project-specific Joint Venture Special Purpose Vehicle (SPV) to modernize the Surat Railway Station and GSRTC bus terminal. The project aims to develop a transit-oriented commercial hub while integrating these facilities with the Bus Rapid Transit System (BRTS), city bus services, Surat Metro, and other transportation networks, creating multi-modal interchange. The area surrounding the railway station and regional bus terminal will also be transformed into a Multi-Modal Transportation Hub. DeshGujarat