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« How Much Will A Bank Lend You? | Home | Punjagutta Flyover To Open Soon »

Multiplex-cum-bus Terminal Planned

Posted by Pradeep Sadanapalli | June 14, 2008 | 259 views

1 Star2 Stars3 Stars4 Stars5 Stars (3 votes, average: 4.67 out of 5)
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The APSRTC in a bid to commercially exploit its vacant lands, identified its old head office premises in Musheerabad to construct a multiplex cum RTC Bus Terminal.

Project report

Based on the project report submitted by M/s Urban Mass Transit Company Ltd., it invited open tenders for the project to come up in 9.14 acres of prime land in Musheerabad. APSRTC awarded the project to M/s Soma Enterprises Ltd.

BOT scheme

The multiplex cum modern multi-platform city bus terminal with all amenities will be under BOT scheme for 33 years.

The developer on Thursday presented the cheque of Rs.6 crore to the APSRTC Vice-Chairman and Managing Director V.Dinesh Reddy towards project development.

SOURCES:
The Hindu

Topics: Infrastructure |

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