Non-public Builders: State Govt Reduces Concession Charge, Tweaks Tender Norms To Get Extra Bids For 18 Bus Stns |

Lucknow: The UP authorities has lowered the annual concession payment (ACF) from 1% to half a per cent of the land worth to draw extra non-public builders within the bidding course of for improvement of 18 bus stations.
The state cupboard had not too long ago permitted inviting bids for improvement of 18 bus stations on public non-public partnership (PPP) mode as per the revised request for citation (RFQ), request for proposal (RFP) and draft concession settlement.
“It was primarily based on the suggestions acquired from non-public builders within the pre-bid conferences and different interactions that these adjustments had been launched within the bid doc,” mentioned GM (PPP), UP state street transport company (UPSRTC), Yazuvendra Kumar.
The builders is not going to pay any ACF to UPSRTC for as much as 5 years. Builders also can pay the upfront premium in 5 instalments. The financial institution assure clause has additionally been carried out away with.
That is the second time that the bids will likely be invited for improvement of the 18 bus stations, that are part of the 23 bus stations recognized for improvement underneath the PPP scheme within the first section.
The transport division has already issued the Letters of Intent (LoI) to 2 non-public builders for improvement of 5 bus stations, that are Kaushambi (Ghaziabad), Vibhuti Khand (Lucknow), Civil Traces (Prayagraj), Outdated Ghaziabad (Ghaziabad) and Agra Fort (Agra). The state cupboard on June 6 had permitted issuing LoIs to the bidders chosen.
The bus stations will likely be developed into bus ports underneath the DBFOT (design, construct, finance, function and switch) mannequin. The scheme was permitted by the cupboard in November 2022.
The 23 bus stations are positioned in 16 districts — Ghaziabad, Bulandshahr, Agra, Mathura, Kanpur, Varanasi, Prayagraj, Mirzapur, Lucknow, Raebareli, Bareilly, Meerut, Hapur, Aligarh, Ayodhya and Gorakhpur.
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