Corporation to develop Broadway into multi-modal hub at a cost of ₹300 crore
The Hindu
The Greater Chennai Corporation Council on Friday passed a resolution to take up development of a multi-modal hub at the Broadway bus stand through viability gap funding under the Public Private Partnership model at a cost of ₹300 crore
The Greater Chennai Corporation Council on Friday passed a resolution to take up development of a multi-modal hub at the Broadway bus stand through viability gap funding under the Public Private Partnership model at a cost of ₹300 crore.
The proposed complex will include a bus stand, space for offices and retail outlets and parking facilities for government buses and private vehicles, and a seamless integration of public transportation facilities in the area.
The council also ratified the proposal submitted to the government to accord an in-principle administrative sanction for the estimated cost.
The government has been working on the project for years.
In 2018, Tamil Nadu Urban Infrastructure Financial Services Ltd. (TNUIFSL) appointed Jones Lang Lasalle Consultants to prepare a detailed feasibility report to design a multi-modal facility complex with commercial utilities at the bus stand.
The CMRL was assigned the responsibility of developing the complex so that it could seamlessly integrate the bus stand with the High Court Metro station.
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