2 pvt firms ready to construct hi-tech bus stand in Madikeri

New terminus will have shopping complex, star hotel, convention hall

Dubai based City Pearl Group of Company has come forward to construct a full-fledged bus stand at an estimated cost of Rs 17.41 crore, while Mysore based Gokul Construction has come forward to construct it at an estimated cost of Rs 14 crore. In the CMC meeting held here on Friday, both the firms made the presentation on the proposed project. The CMC has decided to take a decision only after discussing thoroughly in the CMC meeting.

The City Pearl Group has assured the CMC that the bus stand will be built at an estimated cost of Rs 17,41,37,000 and will maintain it for the next 35 years. The bus stand will also have shopping complex, star hotel and a convention hall. They also assured that buses will be allowed to park within six months of starting the construction work. The representative also assured to complete the work on hi-tech bus stand within 40 months. After 35 years of its maintenance, the bus stand will be handed over to the CMC. All the income earned for 35 years will be for the company.

The representative of the company also said that AC rooms in hotel, dormitory for the convenience of the passengers will also be included in the bus stand. The convention hall, 200 car parking facility, auto stand and facility to accommodate 30 buses at a time will be other features of the bus stand, they informed.

On the other hand, representative from Gokul Constructions has assured to construct the bus stand at an estimated cost of Rs 14 crore. If given an opportunity, platforms for the buses to park will be constructed within three to four months. They have also assured to complete the work within two years and maintain the same for 30 years, they informed.

They said “bus stand will be constructed in 1.5 acre land and will not be used for fetching income. In the remaining 1.5 acre land, commercial complex, restaurant, hotel will come up. Lodges will provide rooms for Rs 300 to Rs 500 for the convenience of the passengers.”

No final decision

After the presentation, the City Municipal Council has not come to any conclusion. The decision on the same will be taken after holding discussion in CMC meeting and with MLA.  Speaking on the occasion, MLC M C Nanaiah said “by handing over the work on private bus stand to private firms, the CMC will not have any hold over it for the next 30 to 35 years.

The investor will fetch more profit. Finally, it is the common man who suffers.
In this background, the City Municipal Council should come forward to construct private bus stand. This is only my suggestions to CMC.”

City Municipal Council President P D Ponnappa, Vice-President Latha Bangera, Commissioner K Srikanthrao, and others were present.

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