Rtc Plans Integrated Bus Terminal In Maddilapalem | Visakhapatnam News
Spread over approximately six acres of land in the heart of the city, the plan is to develop the station as an integrated bus station for commercial development to monetize and generate revenue for the RTC. Other main goals are to provide more convenience to passengers and to make the most of existing resources.
Located very close to the national road, the depot is in one of the main commercial locations in the city. According to RTC officials, the location has huge potential for business development. In addition to intercity buses, several long-distance buses are operated from the station. About 10,000 daily passengers use the services of the station. Many buses from other states like Odisha, Chhattisgarh and Telangana also arrive at the station. In fact, Maddilapalem is home to one of the busiest transport hubs in Visakhapatnam. Initial estimates for the development of this integrated bus terminal are set at over ₹400 crore. The construction of a depot at Tagarapuvalasa is also part of the project.
The APSRTC recently launched an expression of interest for the development of this project. According to officials, tenders will open in February.
In line with the project objectives, 40 bus bays are to be created in addition to the 20 bays for inactive parking. Amenities such as dormitories, AC luxury lounge, shopping area, passenger waiting area, etc. will be added. The bus station will be combined with a licensed commercial development to make the project commercially viable. A substantial part of the project will be dedicated to purely commercial activities such as hotels, shopping centers, offices, shopping complexes, leisure areas, social infrastructure, etc. according to the vision of the developer on the basis of a PPP.
The potential developer has recovered its investments mainly through commercial leases as well as bus terminals, private parking lots, advertising, etc. The project will have a concession period of approximately 49 years (including the construction period).