Bhubaneswar: The State Government will give Reliance Retails six bus stands of the State on a lease for a period of 33 years. These bus stands include Keonjhar, Bhubaneswar, Bari">
OSRTC strike deals with Reliance, six bus stands on lease
Friday, July 25, 2008
OSRTC strike deals with Reliance, six bus stands on lease

Bhubaneswar: The State Government will give Reliance Retails six bus stands of the State on a lease for a period of 33 years.

These bus stands include Keonjhar, Bhubaneswar, Baripada, Cuttack and Berhampur.

Reliance will give Rs 1.80 crore as annual fees toward the lands.

As per the agreement, the rent will be increased by 10 per cent every year. Reliance will set up malls there.

Besides, the State Government has also decided to set up bus stands in Bhubaneswar, Cuttack, Sambalpur, Rourkela and Angul on a PPP mode.

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