Land premium model for bus terminal projects

The Orissa government may adopt the land premium model for the development of bus terminals in the state in the public-private-partnership (PPP) mode.

Under it, the land premium will be the criteria for bidding and the lease period for the project will be for 90 years. The bidding for the bus terminals will be through open advertisement route, official sources said. Given the poor condition of the existing bus stands, the government has identified 27 bus terminals in the state for development in PPP mode.