GDA Ghaziabad To Implement Various Infra Projects On PPP Mode
Ghaziabad Development Authority (GDA) decided to implement various infra projects on Public Private Partnership (PPP) mode to meet the problems arising out of shortage of funds for the ongoing projects.
In its board meeting, the development body decided to put on PPP mode the 20-km northern peripheral road (NPR), sports city at Madhuban Bapudham, cyber hub (food court) at Kaushambi and the proposed solid waste management (SWM) plant at Indirapuram.
Officials said the state government will finalise the decision for choosing the PPP mode for these infra projects. Since the authority don’t have spare funds, the proposal for the NPR project to be constructed on PPP mode has now been sent to the state government. Similarly, they also intend to do the cyber hub and the SWM project at Indirapuram on PPP mode, said vice chairperson, GDA.
NPR project has been stuck for the past 4-5 years. It was intended to connect NH-24, NH-58 and the Pipeline Road ( the road from Murad Nagar to Tila Morh, behind Hindon Airbase). In 2013, when the project was conceived, it was pegged at around ₹456 crore, excluding the cost of land acquisition. The present land acquisition cost is estimated at around ₹550 crore.
GDA is also eyeing two major chunks of land of 4,000 square metres each at Kaushambi. The authority plans to merge the two plots, earmarked for school, with already available land chunk of 10,000 square metres at Kaushambi. The total 18,000 square metres will be used to develop the food court project.
The merger of the plots will require change in layout plan. These were offered under bids for the purpose several times but there was no response. The proposal for the cyber hub was placed before the board but it will be put up again, keeping in mind the feasibility and viability issues. GDA has decided that the project will be done on PPP mode.
For their ambitious cyberhub project, the authority has invited expressions of interest for selection of transaction advisor.
Source Link- http://paper.hindustantimes.com/.