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Thu Feb 23, 2017 08:19:21 ISTHomeTrainsΣChainsAtlasPNRForumGalleryNewsFAQTripsLoginFeedback
Thu Feb 23, 2017 08:19:21 IST

Blog Entry# 2062503  
Posted: Nov 16 2016 (22:57)

1 Responses
Last Response: Nov 16 2016 (22:57)
  
Rail News
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Commentary/Human Interest
Nov 16 2016 (21:12)   MoU with Ministry of Urban Development For Development of Railway Stations

rdb*^   126004 news posts
Entry# 2062503   News Entry# 285768         Tags   Past Edits
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.
Another
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form of joint venture could be between the MOR designated entity, the Smart City SPV and the National Building Construction Corporation Ltd. (NBCC), a Public Sector Undertaking under MOUD. Besides above two models, MOUD and MOR may decide jointly about any other mutually agreed model if considered necessary.
As these projects are complex in nature and require detailed techno-economic feasibility studies, no time frame has been presently set for completion of these projects. This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Lok Sabha on 16 November 2016, Wednesday.
***
AKS/MKV/AK
(Release ID :153680)

  
846 views
Nov 16 2016 (22:57)
For Better Managed Indian Railways~   1933 blog posts
Re# 2062503-1            Tags   Past Edits
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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