PUNE: Smart City Plans for the city may potentially impact the railway station and allied services. As a result, the railway station and adjoining areas will be redeveloped on Smart City lines to enhance passenger amenities, easy access, enabling optimal utilization of land at railway stations, as part of Smart City development.
The proposed redevelopment involving railway stations envisages improving integrated public transport hub, waiting halls and other amenities for passengers, development of residential and commercial spaces, landscaping, etc, the ministry of urban development’s press statement states.
According to the statement, the joint initiative of the ministries of urban development and railways widens Smart City development into another area that wasn’t part of the original plan.
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 to execute Smart City plans, with equal share in equity. 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 a self-financing basis.
While the railway ministry takes the responsibility of forming joint ventures, the ministry of urban development will work with the states and urban local bodies to integrate railway station redevelopment as part of the Smart City development plan.
The MoU further states, “Both railway station redevelopment and Smart City concepts are part of holistic development of the city.”
To be implemented first in the 100 cities included in the Smart City Mission, redevelopment of railway stations will be launched under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and Heritage Infrastructure Development and Augmentation Yojana (HRIDAY) cities extending the scope of the MoU to over 500 cities.
Railway stations and the adjoining areas in each of these cities will be redeveloped on the lines of Area Based Development provided in the Smart City Mission Guidelines.
Credits ET Realty