Funds for two more traffic transit management centres

Funds for two more traffic transit management centres

Anil Kumar Sastry

The project is at a cost of Rs. 84 crore

Jayanagar TTMC to be completed by January 2009

BANGALORE: Two more traffic transit management terminals (TTMC), proposed by the Bangalore Metropolitan Transport Corporation (BMTC) at a cost of Rs. 84 crore, to offer park and ride facility, will get funds under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).

The proposal to build TTMCs at Yeshwanthpur and Domlur was cleared at a meeting convened by the Ministry of Urban Development in New Delhi on Friday.

BMTC Managing Director Upendra Tripathy told The Hindu that with the two projects, 10 TTMCs proposed by the corporation will get funds under JNNURM. Under the mission, the Union Government provides 35 per cent of the project cost, the State Government provides 15 per cent and the corporation has to bear the balance.

While the work on Jayanagar TTMC is to be completed by January 2009, the foundation stone for the work on Vijayanagar TTMC was laid in October this year. The corporation is in the process of inviting tenders for TTMCs at Bannerghatta, Kengeri, Banashankari, Shanthinagar, Koramangala and ITPL and is hopeful of commencing the work by January 2008, according to K.M. Nandagopal, BMTC’s JNNURM consultant.

Detailed project reports for all the TTMCs were submitted to the ministry and the estimated cost was put at Rs. 332 crore. The corporation has proposed to construct 34 more TTMCs across Greater Bangalore to decongest city roads of private vehicles and popularise public transport. Though the ministry has asked the corporation to consider public-private partnership (PPP) for these projects, the BMTC claimed that it is difficult to attract PPP as entrepreneurs anticipate less scope for commercial exploitation of the premises.