HomeNewsRailways to develop 15 stations for multi-functional complexes

Railways to develop 15 stations for multi-functional complexes

The Rail Land Development Authority (RLDA) plans to develop 15 multi-functional commercial complexes on lease basis in different states. RLDA has floated two requests for proposal (RFPs) for development and leasing of 15 multi-functional commercial complexes for a lease period of 45 years in West Bengal, Gujarat, Bihar, Karnataka, Rajasthan, Tamil Nadu, Haryana and Uttar Pradesh. These multifunctional complexes (MFCs) will be in the vicinity of respective station complexes and fall in the circulating area of the railway stations. Out of the 15 MFCs, six are in West Bengal, two each in Karnataka and Rajasthan and one each in Bihar, Uttar Pradesh, Gujarat, Haryana and Tamil Nadu.

RLDA is a statutory Authority, under the Ministry of Railways, set-up by an Amendment to the Railways Act, 1989 for the development of vacant Railway Land for commercial use for the purpose of generating revenue by non-tariff measures and creating assets for Indian Railways. The Railway has approximately 43,000 hectares of vacant land across India.

The area of 15 plots ranges from 250-sq.m to 4,850-sq.m. The proposed complexes would provide multiple facilities like shopping, food stalls or restaurants, book stalls, ATMs, medicine and variety stores, budget hotels, parking spaces and other similar amenities for rail users at railway stations. For these facilities, clearances are not required from local authorities for development since they are declared as operational buildings of the railways.

Earlier, the RLDA has already leased out 52 MFCs for a lease period of 45 years to various developers across the country, with 13 MFCs having been commissioned and the rest are in various phases of construction.

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