India, Aug. 9 -- The Pune Mahanagar Parivahan Mahamandal Limited (PMPML) board of directors has forwarded a proposal to the state government's urban development department (UDD) to lease depot lands for development on public-private partnership (PPP) for 60 years instead of the earlier 30 years.

Facing a mounting financial deficit despite the introduction of electric and CNG-based air-conditioned buses, the public transport utility is exploring ways to renovate its over 30 depots to enhance facilities and generate additional revenue.

"Private agency appointed to prepare a feasibility report has identified 14-15 sites that could be developed under the PPP model. Three depot plots under the jurisdiction of the Pune Metropolitan Region Dev...