UP secures ₹1,000-cr transport infra investment on PPP model
The Uttar Pradesh government has secured private investment worth ₹1,000 crore to redevelop five of the 23 state bus terminals into 'bus ports' under the public-private partnership (PPP) model. The bus stations located in Ghaziabad, Lucknow, Prayagraj, and Agra districts have received private sector investment, and construction work will begin shortly after receiving all the necessary approvals from the state government. The process of selecting a private partner for the remaining 18 bus stations is also underway, led by the UP State Roadways Transport Corporation (UPSRTC).
Last year, the state government approved the development of 23 bus stations in major cities as 'bus ports,' similar to airports. The move aims to offer modern facilities to passengers and help the UPSRTC generate higher revenue with the support of private sector investment.
The implementation of this ambitious project will significantly enhance the state's transportation infrastructure, and the government's efforts to secure private investment for the project are commendable. It is expected that the new 'bus ports' will provide state-of-the-art facilities to passengers and improve their overall travel experience.
Last year, the state government approved the development of 23 bus stations in major cities as 'bus ports,' similar to airports. The move aims to offer modern facilities to passengers and help the UPSRTC generate higher revenue with the support of private sector investment.
The implementation of this ambitious project will significantly enhance the state's transportation infrastructure, and the government's efforts to secure private investment for the project are commendable. It is expected that the new 'bus ports' will provide state-of-the-art facilities to passengers and improve their overall travel experience.