Ahmedabad: Nila Infrastructures Ltd. has accepted Letters of Acceptance for two key projects awarded by the Gujarat State RoadTransport Corporation(GSRTC) to construct Bus Terminal Facilities (BTF).

In a move to improve the urban transport infrastructure, the Amreli BT facility has been awarded individually to Nila Infrastructures Limited while the Modasa BT facility has been awarded to it in consortium with Vyapti Infra build Pvt. Ltd. Nila Infrastructures holds a share of 34%.

The projects entail an iconic structure and design fortified with modern facilities that integrate commercial facilities on Design, Build, Finance, Operate and Transfer (“DBFOT”) Basis.

“In line with our vision to contribute to the economic prosperity and growth through participation in projects of national importance, we have got this opportunity to provide a travelling – experience to the passengers of GSRTC. These are landmark projects for us as the company breaks new grounds and graduates further within the civic urban Infrastructure business. It will provide additional opportunities to the company in civic transport and logistics- related construction business, which has abundant prospects. We believe the introduction of Goods and Services Tax (GST) will also act as a catalyst for growth,” said Mr.Manoj Vadodaria, CMD, Nila Infrastructures Ltd.

The BTF construction envisages the development of latest infrastructure comprising bus bays, administrative area, operating area, works or repairs area and passenger amenities among others.

According to Mr. Vadodaria, as an outcome of a well-deliberated strategy, the cities were categorically chosen where the bus terminal is a monument, around which the majority of the commercial establishments are located that cater to the demands of, probably, the entire district. For trade-and-commerce in such cities, the proximity to the Bus Terminal still remains a crucial parameter. Hence, the marketability of the commercial facility is absolutely certain. On the financial front, these PPP projects shall also further balance the company’s order-book and provide benefit of better profitability.

At Amreli, out of the total area of 17,095 square meters, the BTF facility will be constructed on a 7,719 square meter built-up area at an estimated cost of Rs.14.03 crore. This will incorporate 12 boarding/alighting bays and 6 idle bays. The company will get a right to monetize the commercial facilities of about 12,800 square meters.

At Modasa, out of the total area of 30,212 square meters, the BTF facility will be constructed on 6,279 square meters at an estimated cost of Rs. 15.15 crore incorporating 11 boarding/alighting bays and 7 idle bays. In consideration it will get a right to monetize commercial facilities of about 39,000 square meters.

“We will execute these projects as a mission with innovative and intelligent solutions for the larger benefit of approximately 15 lakh GSRTC passengers per month at Amreli and Modasa depots. We shall shortly submit the Transition Plan while the construction work will get completed within 24 months. Meanwhile, a suitable alternate location that ensures minimum dislocation and disruption to bus schedules will be considered for utmost convenience of the GSRTC passengers,” he said.

The Special Purpose Vehicle of the company will maintain certain basic BTF facilities for 30 years while the core operating and depot facility will be maintained by GSRTC. The Company will get the right to develop, design, finance, construct, operate and maintain the commercial facilities such as shops, offices, restaurants, hospitals, multiplex, parking lots, etc., to be leased upto a period of 90 years.

– Communication