Planning Commission for PPP Model For Car Parking

IMPHAL, Feb 11: With regard to the proposed construction of two multi-storeyed car parking at two places in Imphal, construction of one bus terminal in each of the nine districts and construction of ten city bus terminals in greater Imphal areas, the Planning Commission has directed the State Government to implement these projects under Public Private Partnership (PPP) model.

A reliable source in Transport Department informed that concept papers for these projects have been approved by the Planning Commission in principle.

After accepting the concept papers, the Planning Commission has asked the Transport Department to submit detailed project reports so that the same projects can be taken up from the next financial year.

The Planning Commission recommended that these projects be taken up under PPP model in which the Govt and private firms make equal investments and share the revenue that would be earned from these projects on 50-50 basis.

Should these projects be taken up in PPP model, there is a need to rope in private firms/companies which can make the requisite investment.  But because of the prevailing law and order situation, most firms/companies based outside the State are reluctant to invest in Manipur.

In case, private companies and firms based outside the State could not be roped in, the State Government would have to invite local private firms.

But it would be impossible for local private firms to make 50 per cent funding for these projects. In such a case, the State Government would be compelled to ask the Planning Commission increase its share of investment, informed the source.

Earlier, it was proposed that the two multi-storeyed car parking be taken up under NEC funding during the 12th Plan period but the same proposal was rejected on the ground it has very little inter-State utility.

It is estimated that total cost of the bus terminals being planning for the nine districts would be around Rs 45 crores. The estimated cost of the ten city bus terminals which would be constructed at different places of greater Imphal is Rs 10 crores. In addition to construction of the ten city bus terminals, a ring road would also be constructed, added the source.

(Courtesy: The Sangai Express)

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