The annual Budget of the Thripunithura municipality has claimed that the long-pending central bus terminal project will turn a reality in 2026.
The Budget for the 2024-25 fiscal, presented by municipal vice chairman K.K. Pradeep Kumar, stated that the foundation stone for the project would be laid by June this year. The Budget has estimated an expense of around ₹30 crore for the construction of the bus terminal and for the acquisition of 5.5 acres close to the metro station for laying a 16-metre-wide metro rail road to Hill Palace Road.
Mr. Kumar said the civic body planned to seek loans from funding agencies to initiate the project. The State Budget has included proposals that would ease procedures for local bodies to seek external funding for land acquisition for developmental projects, he added.
