Indian Transport & Logistics

RLDA and NBCC sign MoU for redevelopment of identified railway stations

RLDA and NBCC sign MoU for redevelopment of identified railway stations
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July 03, 2017: An MoU was signed between Rail Land Development Authority (RLDA), an institution under Ministry of Railways and National Building Construction Corporation (NBCC), a PSU of Ministry of Urban Development for implementation of station redevelopment projects for 10 identified stations recently.

The 10 stations are – Tirupati, Delhi Sarai Rohilla, Nellore, Madgaon, Lucknow, Gomtinagar, Kota, Thane New and Ernakulam Junction. Minister of Railways Suresh Prabhu, Minister of Urban Development M Venkaiah Naidu and Minister of State for Railways Rajen Gohain graced the occasion. Signatories to the MoU were Rakesh Goyal, vice chairman, RLDA and Anoop Kumar Mittal, chairman, NBCC.

Speaking on the occasion, Naidu said it is a good idea to develop smart stations along with the smart cities. He said that the PSUs of his ministry will undertake stations redevelopment in a professional way.

Speaking on the occasion, Prabhu said that Indian Railways has adopted multi pronged strategy to accomplish the mammoth task. He said the ministry has chosen PPP model and are roping in varied agencies like the railways’ own PSUs, other central government PSUs and foreign countries through government to government cooperation, in order to execute the project. He said that NBCC has now been given 10 stations in first phase for redevelopment and more stations would be given to them in subsequent phases.

RLDA and NBCC shall form a SPV in the form of a JV Company to execute the station redevelopment project. The JV shall redevelop the stations on a self-financing model. NBCC shall use its expertise in preparing DPR of the Project and business model. RLDA shall extend necessary help to NBCC in arranging all requisite data pertaining to the stations and get the vacant land entrusted from Ministry of Railway as per approved master plan of the station.

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