NBCC Signed MOU To Redevelop 10 Railway Stations With Airport Like Amenities At Rs 5,000 Crore

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Date of Post: 13 Nov, 2017

New Delhi: The RLDA (Rail Land Development Authority) & NBCC signed a Memorandum of Understanding under which 10 railway stations are to be redeveloped with airport-like amenities at a cost of Rs 5,000 Crore (approx US$ 763 Million). The completion deadline for the project’s is 2020.

The 10 Stations Are-

  • Delhi Sarai Rohilla
  • Lucknow
  • Gomti Nagar
  • Kota
  • Tirupati
  • Nellore
  • Ernakulam
  • Puducherry
  • Madgaon
  • Thane

More Information:

  • The project is aimed to be completed 2 to 2-and-a-half years and the monetization is intended to be done via ‘commercial exploitation’ of the land which is provided by the railways.
  • The infra company will help in redeveloping the platforms, lounges, ticketing counters, parking & other amenities at the railway stations.
  • NBCC will also be given the monetization rights for the stations’ land for a period of 45 years.
  • The state-run firm will be allowed to build or lease land to hotels, malls, multiplexes, corporates and even for residential purpose.

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