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Bhubaneswar: The Bhubaneswar Municipal Corporation (BMC) has decided to rent out its share in one of the oldest market complexes in the city, located at Unit IV here. It has decided to e-auction its owned shops in this pioneering public-private partnership project in the city.
As per the order issued by BMC in this regard, the civic body will conduct e-auction of 112 shop rooms or properties owned by it. A total of 60 units on the ground floor, 31 shops on the first floor and six units each on the second, third and fourth floors are up for auction. The civic body will also auction its three units in the basement, which will be used as godowns.
“After taking possession of our share in the market premises, we have decided to e-auction our properties. We will not sell the place but will give it on rent for three years. We have also fixed very low prices for the shops,” said BMC deputy commissioner (market). Ashok Lenka Said.
This market complex in Unit IV is one of the oldest projects launched by BMC in 1999 in Public-Private Partnership mode. However, the project has been plagued by several problems since its launch. After the agreement, the private partner was to complete the project in four years but it got delayed by almost two decades.
As per the agreement, BMC and the private partner will execute the project in the ratio of 35:65. Other similarly executed PPP projects – one in Shaheed Nagar and the other in Unit II area – started around the same period, however, were completed on time.
“The market complex in Unit IV faced several hurdles during execution. First it was the land issue, then local vendors in the market protested and then the private partner had problems in getting the occupancy certificate from the BDA,” Lenka said, adding that the problems have been resolved.
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