Blog Entry# 2062503
Posted: Nov 16 2016 (22:57)
Last Response: Nov 16 2016 (22:57)
Commentary/Human InterestNov 16 2016 (21:12) MoU with Ministry of Urban Development For Development of Railway Stations
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An MOU has been entered into between Ministry of Railways (MOR) and Ministry of Urban Development (MOUD) for integrated planning of railway stations in the cities included in the ‘SMART Cities’ and AMRUT scheme. This would lead to an integrated public transit hub around the railway stations and encourage Transit Oriented Development.
Each Smart City has incorporated a Special Purpose Vehicle (SPV) to execute the Smart City Plan. The SPV may form a joint venture company with an MOR-designated entity to implement railway station redevelopment projects in that city and in its suburbs.
Nov 16 2016 (22:57)
For Better Managed Indian Railways~ 1933 blog posts
MOR under the leadership of Mr. Prabhu has has finally succeeded to find many partners, invest or become project partners in Railway projects (1) Most of State Govts (2) Ministry of Coal, power, steel, Road & Shipping, Urban development, MP LAD fund, LIC, WB, ADB etc and many other big private sector companies in PPP projects. So the PPP Express seems to have start rolling for the first time.
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