Integrated bus terminus takes shape at long lost
The Hindu
Chief Minister to lay foundation stone for the project on Thursday
Tiruchi
Chief Minister M.K.Stalin will lay the foundation stone for the integrated bus terminus (IBT) at Panchapur in the city on Thursday, bringing to fruition a proposal that has been hanging fire for more than two decades.
The State government has decided to establish an IBT and allied infrastructure at Panchapur, off the Tiruchi-Madurai Highway, at a total estimated cost of ₹832 crore. On Tuesday, the government order was issued sanctioning the first phase of works at an investment of about ₹350 crore. This includes the establishment of the IBT in an area of about 48 acres at an investment of ₹140 crore and a truck terminal on 25 acres at an estimated cost of ₹76 crore. A multi-utility facilities centre would also come up as part of the project at an investment of ₹59 crore. Another ₹75 crore would be spent on providing roads, storm water drains and other necessary amenities and infrastructure. A part of the funding, about ₹210 crore, is proposed to be drawn from the Smart City Mission.