December 2016 Current Affairs

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Railways, Urban Development Ministries sign MoU to redevelop stations under smart city plans

Railways, Urban Development Ministries sign MoU to redevelop stations under smart city plans
20 October 2016 Current Affairs: The Ministry of Urban Development and the Ministry of Railways on Wednesday signed an MoU under which railway stations and adjoining areas will be redeveloped on smart city lines for enhancing passenger amenities, easy access to stations, enabling optimal utilisation of land at railway stations.

This convergence based city development will result in qualitative improvement in city life,” Union Urban Development Minister said in a statement. He also suggested that to begin with 10 cities could be taken up for the proposed redevelopment with the involvement of public sector construction company NBCC (India) Ltd.

These cities are Sarai Rohilla (Delhi), Bhubaneshwar, Lucknow, Varanasi, Jaipur, Kota, Thane, Margao(Goa), Tirupati and Puducherry.

Several countries such as Germany, France, Japan, South Korea, the UK and Belgium have showed interest in redevelopment and a round-table of domestic and overseas bankers will be organised next week to discuss financing of these redevelopment projects.

The MoU proposes two joint venture options for speedy redevelopment of railway station centred areas. The first being between the Railways and the Special Purpose Vehicle (SPV) formed for execution of Smart City Plans, with equal share in equity. In the second model, NBCC can be roped in with equal share among the three. NBCC can design, develop and execute the redevelopment plans on self-financing basis.

While the Ministry of Railways will be responsible for 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.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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