NMC ropes in pvt agency to develop Rs150cr truck terminus

Nashik: The Nashik Municipal Corporation (NMC) has roped in a private agency to redevelop and operate the old truck terminus at Adgaon on a public-private partnership (PPP) basis at an estimated cost of Rs150 crore.The civic body's standing committee approved the proposal on Thursday.Standing committee chairperson Machhindra Sanap accorded approval to the civic administration's proposal to award the project to the selected agency. Officials said the work order will now be issued shortly,Under the PPP model, the private agency will develop the project on a design, build, operate and maintain (DBOM) basis for a concession period of 30 years. In return, the NMC will receive an annual royalty of Rs 90 lakh from the concessionaire, with a 5% escalation in the royalty every year during the concession period.The proposed terminus will be spread across nearly 30 acres. The agency will develop parking space for around 300 trucks along with a range of ancillary facilities for truck drivers and transport workers. These will include lodging and boarding facilities, dormitories, bathing facilities, provision stores and a medical room.The project will also feature several commercial and support facilities, including storage and warehousing for loading and unloading of goods, aimed at decongesting city roads and entry points. Other facilities proposed include a weigh bridge, truck repair workshops, retail outlets, transport offices, showrooms, motels and hotels. "Around 15% of the total land area will be developed as landscaped green space," officials said.