The city of Margao has a vintage bus stand which has seen the ravages of time but which is mysteriously ignored as almost being inconsequential to its citizens' welfare. The present KTC bus stand at Margao resembles a shambolic picture of the state of affairs that the commercial city is facing from the state government.However as per the latest buzz, things are expected to change with the Goa state Infrastructure development corporation (GSIDC) working on a ambitious proposal to construct a brand new bus stand with a multistoried complex at the same site by using the over 60,000 sq metres of vacant land available in the area.
The bus stand at Margao is expected to cost a staggering Rs 300 crore for which a public-private partnership is being worked out by the government. while serving as a model bus stand, for intercity and inter state buses, the area is likely to be transformed into a commercial hub and therefore contribute as a revenue model for the state of Goa which will help the government earn money.
The Kadamba transport corporation has forwarded a proposal to the government of Goa which had earlier approved the concept and now has forwarded the file to the GSIDC for its approval. The new bus stand will be adjoining an entire hub of commercial activity with the new South Goa collectorate building complex being its immediate neighbour on one side and the SGPDA market as another hotspot of commercial activity on the other side.
Depending on the success of this business model, the government is likely to replicate the hubs at the Panaji bus stand and subsequently at Porvorim, where the corporation has already got land in its possession.
The entire proposal is however in its stage of infancy and the GSIDC will be now looking into its details before presenting it to the GSIDC board for approval. Simultaneously, discussions are likely to involve the finance and the transport department to check upon the overall implications that the project is likely to present.
The GSIDC will however have to enter into a memorandum of Understanding(MoU) with the KTC, which is the owner of the land in Margao, and would need its approval before advertising the expression of interest for the project.The project is likely to take a few years before being a reality on the ground.