Multi functional complexes at five stations soon

Rail Land Development Authority (RLDA) today announced appointment of private developers for development of Multi Functional Complexes (MFCs) at five stations – Cuttack, Dehradun, Jhansi, Katra and Nanded.

Railways have introduced the concept of MFC at railway stations beginning year 2009-10 for developing facilities for rail users at one centralised complex.

Indian Railways operate more than 7000 stations across the country.

“The aim is to upgrade the existing amenities for the rail users in cities having tourist and religious importance by way of developing the land/air space at railway stations, said a senior Railway Ministry official.

MFCs are being developed through private investment to provide rail users with facilities such as shopping, food stalls/ restaurants, book stalls, ATMs, medicines and variety stores, budget hotels, parking etc.

RLDA, a statutory authority established by Railway Ministry for generating non-tariff revenue from railway land, had appointed Knight Frank India as marketing consultant for the first six MFCs to be developed through private parties. Out of the six MFCs, five MFCs were awarded to Keshari Estates Ltd (Cuttack), Janak Holdings (Dehradun and Nanded), Bhagwati Infraestate Pvt. Ltd. (Jhansi) and MGC Estates (Katra).

A total 86 MFCs will be developed by RLDA across the country through private parties as part of the second phase of the MFC project announced in the rail budget in the year 2010-11. Bidding for the second phase is to be initiated soon.

http://economictimes.indiatimes.com/news/news-by-industry/transportation/railways/multi-functional-complexes-at-five-stations-soon/articleshow/7384082.cms

Published in: on February 20, 2011 at 7:53 am  Leave a Comment  
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