📋 Tender Overview
Scope : To Develop Bus Terminal Project at Ayodhya Dham in Uttar Pradesh.
Real estate firm Omaxe will develop bus terminal project at Ayodhya Dham in Uttar Pradesh.
The company, had participated in the bid, as lead member of the consortium and declared as a successful bidder by Uttar Pradesh State Road Transport Corporation (UPSRTC) on 16 February, 2024 for the project.
The bus terminal will be constructed at Ayodhya Dham on land area 36,426 sq. mtrs.. This bus terminal will be developed under design, build, finance, operate and transfer (DBFOT) model on PPP basis. The letter of intent (LOI) will be issued by UPSRTC to Omaxe in due course of time.
Be Together Developers and Radhika Buildwellare the two member companies of the consortium being led by Omaxe. The estimated construction cost for the Ayodhya Dham project is nearly Rs 225 crore.
Under the terms and conditions, the concessionaire, inter-alia, will construct, operate and maintain the commercial complex and bus terminal commercial assets for a period of 90 years and bus terminal project facilities for a period of 35 years from the appointed date.
