PCMC Seeks Rate Analysis From Bidder For City Centre Project

PUNE: The Pimpri-Chinchwad Municipal Corporation (PCMC) has directed the highest bidder for the city centre project to give a rate analysis and said that any decision regarding approval of the bid will be taken only after studying this analysis.
Addressing a news conference on Thursday, municipal commissioner Ashish Sharma said, “The bidder has to furnish the financial analysis of his bid. This should contain information about the estimated profit he expects to earn. Our financial adviser CRISIL will scrutinise the report and then the PCMC will take a call.”
The site of the city centre project is adjacent to the Kalewadi phata–Dehu Alandi road Bus Rapid Transit System (BRTS) route. The PCMC has taken a decision to allow builders to construct buildings with a maximum of 1.8 floor space index (FSI) along the BRTS routes.
The city centre project is to be implemented on a PPP basis on the open land near Autocluster in Chinchwad on a 34-acre plot. The project has been in the news for various reasons, right from its inception.
The PCMC had invited bids without the consent of the general body and, as a result, corporators cutting across party lines had objected to the process. The civic administration was forced to add some more conditions suggested by the corporators while inviting the bids.
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