Region: East Asia and Pacific
Development of Alambagh Bus Terminal in Lucknow on a Design Build Finance Operate and Transfer (DBFOT) basis - Draft Concession Agreement between the Uttar Pradesh State Road Transportation Corporation (UPSRTC) and the Concessionaire. The Concessionaire is granted the exclusive right, license and authority to construct, operate and maintain the Bus Terminal and Commercial Complex for 32 years (Article 3.1.1) against an Upfront Concession Fee (Article 26.1 and 26.2) as well as an Annual Concession Fee (Article 26.3). The revenue to be earned by the Concessionaire includes mainly a User Fee charged to both public and private sector buses (Article 3.1.2 (d) and 27) the right to exploit the Commercial Complex for economic purposes including the right to sub-license (Article 3.1.1) as well as potential parking fees and advertising revenues.
Updated: March 28, 2021