No one Bids for the car parking fee tender for second time

In a sort of some embarrassment to the City corporation, for the second time no one put the bids for the parking fee collection tender at Bapat Galli.

In January an E Auction was kept but as no one responded this time the normal bidding process was kept but the bidders said that the reserve price of Rs. 15 lakhs is too much and hence no one placed their bids.

The parking fees as per the tender are as follows:
Cars – Rs.15 for every three hours

Bikes- Rs. 10 for every three hours

 

Now it will have to be seen what steps the corporation takes, will it reduce the reserve price in the next auction ?