Overview
- The transport minister said tenders will open next month for long-term leases covering about 150 MSRTC locations statewide.
- MSRTC holds over 13,000 acres at strategic sites, including parcels in Mumbai’s Kurla and Borivali that are part of the offering.
- The leases will run 98 years under a 49-plus-49 structure, replacing the previous 30-year model to attract private investment.
- Depots are planned to be redeveloped as modern Bus Ports modeled on Gujarat’s approach, with real estate developers invited to bid.
- Sarnaik also flagged a pod taxi rollout starting in BKC with planned extensions to Mira-Bhayandar and Thane for last-mile connectivity.