The Noida authority has determined to discover choices to monetise vacant and unused infrastructure initiatives, officers stated on Friday.
Since these initiatives are mendacity unused owing to varied causes, together with technical defects, it has been determined to discover choices to generate income from such infra, officers stated. (Sunil Ghosh/HT Photograph)
These unused initiatives embody ₹243 crore multilevel parking in Sector 18 and a ₹158 crore bus terminal in Sector 82.
“These projects are lying unused owing to various reasons, including technical defects. Therefore, we have decided to explore options to generate revenue from such infra that was built after spending a lot of money,” stated Lokesh M, chief government officer, Noida authority.
Official stated on the Sector 82 bus terminal, its floor flooring will proceed to function a bus depot, whereas higher flooring will probably be leased out to a hospital or company workplace. Some hospitals have expressed curiosity, however no offers have been finalised but, they stated.
“We have made it clear that buses will continue to operate from the ground floor; so the hospital or company will need to make necessary arrangements,” stated Lokesh M.
At the moment, solely 5 Uttar Pradesh State Street Transport Company (UPSRTC) buses function from the terminal, to locations akin to Dadri, Pari Chowk, and Bulandshahr.
Inbuilt 2021 on 7.5 acres close to the Bhangel elevated highway, the bus terminal was envisioned as an built-in business and transport hub with eight flooring. It’s designed to accommodate as much as 40 buses and gives area for meals courts, ATM kiosks, passenger lodging, and a cyber cafe.
Initially, the Noida authority aimed to lease out business areas to authorities places of work and different companies. However the plan didn’t yield anticipated outcomes. In November 2024, the authority issued an expression of curiosity (EOI) to pick out a agency to optimise the terminal’s use.
The Sector 18 multilevel parking has a capability for parking 3,000 automobiles. Nevertheless it stays underutilised, with most of its flooring usually vacant.
It’s partly on account of availability of floor parking and the presence of parking areas at close by malls and motels. The space from main procuring centres additionally contributes to its low occupancy, officers stated.
Lokesh M stated that the rooftop could possibly be re-purposed for a
.