Shops with peeling plaster and tangled overhead wires on congested streets? Not for long. Four important commercial hubs of the steel city will sport a mega makeover, costing no less than a whopping Rs 5,000 crore, by early 2022.

Jharkhand Urban Infrastructure Development Company Limited (Juidco), a wing of the state urban development department, would soon invite private bids for market development plans at four commercial centres, Bistupur, Sakchi, Golmuri and Baridih.

Juidco hopes to complete the tender process by July and issue the work order in monsoon so that work on the multi-crore renovation of commercial hubs starts from October onward simultaneously at the four locations.

A senior administrative officer of Juidco said the projects would be funded on the PPP (public-private partnership) mode. “We are quite enthused by the positive response from private players who attended the stakeholders’ meeting on Monday in Ranchi and started the tender process by month-end,” he said.

He added: “We’d like to start work by October to prevent any delay owing to the imposition of the model code of conduct for Assembly polls later this year. As per tender documents, the projects have to be complete within two-and-a-half years from getting the work order, which means early 2022,” said a senior Juidco administrative official who was at Monday’s meeting.

According to plan, each commercial centre will have G+5 market complexes, similar to posh malls, with amenities such as proper basement parking space, CCTV cameras, fire-alarms, modern firefighting equipment, lifts and elevators, cafeterias and washrooms.

Juidco spokesperson Ashutosh Kumar Singh said in all, 37 acres would be utilised for market development plans at the four locations with modern facilities for shoppers and traders in the first phase under market development plans. Gradually, similar plans will be replicated at other commercial hubs of Jamshedpur.

“The biggest area has been earmarked for Sakchi, nearly 17 acres, followed by Bistupur 12.68 acres, Golmuri 4.10 acres and Baridih 3.08 acres, all government land. We have allocated Rs 5,000-crore for the entire project in its first phase covering four locations. After completion, shopkeepers currently operating at these locations can take on rent the spaces inside the markets,” the spokesperson added.

Preparations for this mega overhaul have been on for over a couple of years. Detailed project reports of the market development plans of the four commercial hubs were prepared by IL&FS Infrastructure Development Corporation (IIDC) and cleared by the district administration after several rounds of stakeholder meetings in Jamshedpur in 2017-18.

In the second phase, six other markets would be take up, namely Dhatkidih (4.20 acres), Kadma (4.06 acres), Burmamines (4.03 acres), Sonari (4.05 acres), Sidhgora (2.21 acres) and Kalimati (4.61 acres).