UPTC to assist BMC in preparing materplan for parking projects

The standing committee of the Brihanmumbai Municipal Corporation (BMC) on Thursday passed the proposal to engage Urban Mass Transport Company (UMTC) for preparation of a masterplan for various parking projects in Mumbai. These parking projects are to be developed under a Public-Private Partnership (PPP) module and will be carried out on DBOT (Design, Build, Operate and Transfer) basis. The Ministry of Urban Development of the Government of India has a 25 per cent stakeholding in UMTC.