Government to redevelop Railway stations and surrounding areas under Smart City
 Source : News Bharati English  Date : 19-Oct-2016

New Delhi, Oct 19: Under the flagship programme of Smart City government is planning to redevelop the Railway stations and surrounding areas. This move is to enable the optimal utilization of land.

This redevelopment will provide better amenities and accessibility to the commuters and citizens living in vicinity. The work will be done on the Smart City lines.

A Memorandum of Understanding (MoU) was signed by the Ministries of Urban Development and Railways. The validity of the MoU is five years and can be extended with the consent of both the Ministries. 

On this occasion Minister of of Urban Development M.Venkaiah Naidu and Railway Minister Suresh Prabhu Mission Director, Smart City Mission Dr.Sameer Sharma, were present.

This project will cost Rs.1,500 cr for 60 cities  about 500 acres in the Smart City Plans. The proposed redevelopment involving railway stations envisages improving passenger amenities, easy access to stations, integrated public transport hub, waiting halls and other amenities for passengers, development of residential and commercial spaces, land scaping etc. 

While the Ministry of Railways takes the responsibility of forming Joint Ventures, the Ministry of Urban Development will work with the States and Urban Local Bodies for integrating railway station redevelopment as part of smart city development plans. 

Speaking on this occasion M.Venkaiah Naidu said that, the convergence based city development will result in qualitative improvement in city life. He also asked officials to involve the suggestions from of local people in redevelopment plans.

He announced the list of ten cities for  the proposed redevelopment with the involvement of National Buildings Construction Corporation. These cities are : Sarai Rohilla (Delhi), Bhubaneswwar, Lucknow, Varnasi, Jaipur, Kota, Thane, Margao(Goa), Tirupati and Puducherry.

Railway Minister Suresh Prabhu said that railway stations have been the core of city development and have become congested over time and their redevelopment offers immense opportunities for changing city landscape.

He further informed that, countries like Germany, France, Japan, South Korea, UK and Belgium have showed interest in redevelopment In this regards  a round table of domestic and overseas bankers is scheduled in next week to discuss the  financing of these redevelopment projects said minister.

As per MoU a Special Purpose Vehicle has been constituted for the effective and timely  execution of Smart City Plans, In the second model, National Buildings Construction Corporation (NBCC) can be roped in with equal share among the three. NBCC can design, develop and execute the redevelopment plans on self-financing basis.