SITCO Seeks Bids for Rs 226 Crore Surat Multi-Modal Transport Hub Project
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Synopsis
SITCO invites proposals for a Rs 226 crore multi-modal transport hub in Surat, facilitating mixed-use development and enhancing urban mobility.
Key Takeaways
- SITCO's proposal for a 2,08,975 sqm space.
- Reserve price set at Rs 226 crore.
- 90-year lease period for developers.
- Seamless access to public transport networks.
- Part of Surat's broader urban mobility initiative.
Surat, March 26 (NationPress) The Surat Integrated Transportation Development Corporation (SITCO) has issued a call for proposals via e-tendering for the sub-lease-hold rights associated with the mixed-use development, operation, and maintenance of a 2,08,975 sqm vertical area above the GSRTC bus terminal at the Surat Multi-Modal Transport Hub (MMTH).
The initiative, featuring a reserve price of Rs 226 crore, will be available for lease over a period of 90 years, enabling developers to sub-lease the constructed space for commercial purposes.
As reported by the Rail Land Development Authority (RLDA), the intended development site ensures seamless connectivity with Surat’s public transport network, including direct access from an elevated road and closeness to vital transport services like the metro, bus rapid transit system (BRTS), city bus services, and rail networks.
The timeline for the bidding process has been established, with the last date for downloading the e-bid document set for April 14, 2025, at 14:00 hrs, and the final submission deadline at 15:00 hrs on the same day.
The e-bids will be opened on April 15, 2025, at 15:30 hrs. Interested developers can find more information at www.tenderwizard.in/RLDA or reach out via phone at 8450958834, 7877053940, or 9599653865 for additional inquiries. Established in 2017, SITCO operates as a Joint Venture Special Purpose Vehicle (SPV) aimed at modernizing Surat Railway Station and the GSRTC bus terminal.
This project aspires to convert the area into a transit-oriented commercial hub, merging various transportation systems, including the Surat Metro, BRTS, city bus services, and regional bus networks.
This effort is part of a broader initiative to create a Multi-Modal Transportation Hub, improving connectivity and urban mobility in the fast-evolving city of Surat. A key component is the Surat Metro Rail Project, which has reached 55 percent completion as of the latest updates.
The state government has earmarked Rs 2,730 crore to enhance the project’s advancement, showcasing its commitment to providing residents with fast, dependable, and modern rail-based public transport services.
