India News | DTC Floats Tender for Setting Up Mobile Network Towers on Its Premises
Get latest articles and stories on India at LatestLY. In a decision to increase its non-operating revenue, the Delhi Transport Corporation (DTC) is going to licence out its premises across the city for installation of 61 mobile network towers by private bidders.
New Delhi, Feb 2 (PTI) In a decision to increase its non-operating revenue, the Delhi Transport Corporation (DTC) is going to licence out its premises across the city for installation of 61 mobile network towers by private bidders.
In a tender floated earlier this week, DTC has invited private bidders for installing mobile network towers at its depots, terminals and residential colonies. The bidders have also been allowed to choose and quote preferable sites for 61 towers.
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The reserved price for the licence for per square metre to be used for installing the towers has been kept at Rs 16,875. The earnest money deposit for each tower will be Rs 38,307, the tender document stated.
The agreement period for installing the mobile towers will be nine years, it said.
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DTC has been working on ways to increase its revenue, and licensing out spaces for mobile towers is one such step, said a senior officer.
The city transporter that runs a fleet of nearly 3,900 low-floor buses has also been working on redevelopment of its depots and residential colonies to increase parking space and commercial facilities.
In October 2020, DTC signed an agreement with the NBCC to redevelop its four major land parcels in locations across Delhi for multi-level bus parking depots, redevelopment of residential colonies of DTC and more commercial facilities.
The main source of DTC's revenue is the operation of buses. The non-operating revenue is generated mainly from advertisements, rentals on premises, mobile towers, and milk booths on its land.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)