“In around 10 days, we will put up a neon board displaying the name on the ISBT terminal,” Sehgal added. The much-awaited Rs 500-crore Mohali Junction — the region’s first air-conditioned Inter-State Bus Terminus (ISBT) — that was to start operations in October 2011 and has missed four deadlines will finally be made operational by July 31 this year. C&C Constructions general manager (commercial) CVS Sehgal said, “We are set to deliver the ISBT-cum-commercial complex and will operationalise the ISBT portion of the project by July 31. DELAY BLAMED ON ECONOMIC DOWNTURNFor the delay in the project, C&C Constructions Ltd has been blaming the ‘sudden economic downturn’. A Delhi-based company, C&C Constructions Limited, that has executed the project under the public private partnership (PPP) mode will be handing over the completed ISBT to the Greater Mohali Area Development Authority (GMADA) by July-end.

Source: Hindustan Times June 12, 2016 08:03 UTC