MoU between Rail Land Development Authority (RLDA) and NBCC

MoU between Rail Land Development Authority (RLDA) and NBCC

Question: According to a recently signed MoU between Rail Land Development Authority and National Building Construction Corporation, how many stations have been chosen for redevelopment?
(a) 7
(b) 8
(c) 9
(d) 10
Ans: (d)

  • On June 30, 2017, Rail Land Development Authority (RLDA), and National Building Construction Corporation (NBCC) signed a memorandum of understanding for implementation of station redevelopment projects for 10 identified stations in partnership with respective Smart Cities.
  • These 10 stations are – Tirupati, Delhi, Sarai Rohilla, Nellore, Madgaon, Lucknow, Gomtinagar, Kota, Thane New and Ernakulam Jn.
  • Rail Land Development Authority (RLDA) is an institution under Ministry of Railways and National Building Construction Corporation (NBCC) is a public sector undertaking of Ministry of Urban Development.
  • RLDA and NBCC shall form a Special Purpose Vehicle in the form of a Joint Venture (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.
  • RLDA shall extend necessary help to NBCC in arranging all requisite data pertaining to the stations and get the vacant land entrusted from Ministry of Railway as per approved master plan of the station.
  • The JV of NBCC and RLDA shall also enter into city support agreement with the respective Smart City Authorities and local bodies to obtain support relating to development of approach infrastructure and favorable Development Control Norms for the project.

Reference:
http://pib.nic.in/newsite/PrintRelease.aspx?relid=167045