Islamabad Bus Stands have set new records as the Directorate of Municipal Administration (DMA) successfully auctioned the G-9 bus stand and the I-11 bus stand through a transparent auction process. The development highlights the city’s reform-driven approach to restoring investor trust and boosting municipal revenues.
Record Revenues
The G-9 bus stand was auctioned for Rs 81.60 million per year, a remarkable 104% increase from the previous annual revenue of Rs 37.9 million under the old system. Similarly, the I-11 bus stand fetched Rs 38 million per year, marking an extraordinary 400% increase compared to earlier figures.
Both sites had been operating under a self-collection model since 2019, but recent reforms & oversight paved the way for competitive bidding.
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Table: Revenue Comparison of Islamabad Bus Stands
| Bus Stand | Previous Annual Revenue | Latest Auction Value | % Increase | Contract Duration | Annual Increment Clause |
|---|---|---|---|---|---|
| G-9 | ~Rs 37.9 million | Rs 81.60 million | ~104% | 3 years | 10% per annum |
| I-11 | ~Rs 6.5 million | Rs 38 million | Over 400% | 3 years | 10% per annum |
Reform Success
After years of self-collection since 2019, the auction of Islamabad Bus Stands demonstrates the impact of reforms & oversight carried out by the DMA. These measures not only improved annual rise / revenue growth but also ensured that investor confidence was restored.
Implications
- Municipal Finances Strengthened: Three-year contracts with a mandatory 10% annual increment will generate sustainable long-term income.
- Transparency Restored: The record-breaking bids highlight the effectiveness of a fair and competitive process.
- Blueprint for Future Growth: With investor confidence restored, Islamabad’s bus stands can serve as a model for other municipal projects.
