To enable the special purpose vehicle (SPV) formed to run buses on the Bus Rapid Transit System (BRTS) corridors viable, GVMC has mooted introducing Transit-Oriented Development.
While the State government is keen on fully operationlising the 40-km stretch on Simhachalam and Pendurti corridors exclusively plying buses on them, RTC is expressing concern over Rs.7 a km it has to spend incurring loss.
TOD that has been successfully implemented in Gujarat model will be tried to help cover the loss.
Buildings along the BRTS corridor have been given more than the usually permissible floor space index (FSI) in Gujarat.
“Along the same lines, permission will be given for construction of additional floor on the buildings along the corridors since the roads are wide. The betterment fee collected by the corporation will go to the SPV. However, for the relaxation, the government has to issue a GO,” Municipal Commissioner M. V. Satyanarayana told reporters on Monday.
Andhra Pradesh does not have the FSI norms but setbacks as criteria for building approvals.
Sources of revenueThe other sources of revenue for the SPV are the advertisement fee on the corridors, fee for allowing non-RTC buses on the corridor and fine levied for vehicles other than buses trespassing onto the corridor and fee for running cables in the ducts along the corridors.
The SPV has the District Collector as Chairman and the Municipal Commissioner as CEO, RTC Executive Director as Managing Director and, Police Commissioner, VUDA Vice-Chairman and RTC Regional Manager, Deputy Transport Commissioner as directors.
