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 in partnership with respective Smart Cities
It is a very good idea to develop smart stations along with the smart cities. The urban development ministry will undertake stations redevelopment in a professional way.
Indian Railways has taken up this ambitious program of station redevelopment in a big way and have adopted multi pronged strategy to accomplish this mammoth task.
The govt have chosen PPP model and are roping in varied agencies to execute the project namely Railways’ own PSUs, other Central Government PSUs, foreign countries through Government to Government cooperation and state governments.
Once the stations are redeveloped, the passengers will get facilities of world standard.
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.
Earlier in October 2016, the MoU was entered into between Ministry of Railways and Ministry of Urban Development for mutual cooperation between the two Ministries for integrated planning of redevelopment of railway stations in the cities included in the ‘SMART Cities’ and AMRUT schemes.
Rail Land Development Authority (RLDA)
Rail Land Development Authority (RLDA) is a statutory Authority, under the Ministry of Railways, set-up by an Amendment to the Railways Act, 1989, for development of vacant Railway Land for commercial use for the purpose of generating revenue by non-tariff measures.
RLDA has since been constituted in on 2006. The Rules for functioning of RLDA have also been notified in the Extraordinary Gazette dated 4.1.2007.
Indian Railways (IR) has approximately 43,000 hectares of vacant land. Land which is not required for operational purposes in the foreseeable future would be identified by the zonal railways and the details thereof would be advised to Railway Board.
Such plots of land would thereafter be entrusted to RLDA by Railway Board in phases for commercial development.