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Construction : Exclusive Report | September 2013 | Source : Construction Update

Railways’ RLDA to develop 75 multi-functional complexes

Rail Land Development Authority (RLDA), a statutory authority established by the Ministry of Railways for generating non-tariff revenue from railway land, has prepared an action plan for fast-tracking the development of 75 Multi Functional Complexes (MFC) sites in current year for which bidding process is being initiated in phases.

So far, RLDA has invited nine bids in the current year for development of 43 MFCs in Northern, Western and Southern India. Prominent stations are Dehradun, Ujjain, Vasai Road, Anand, Somnath, Lokmanya Tilak Terminus, Gulbarga, Vijayawada, Amritsar, Amethi and Chandigarh.

In the current year, there has been very good response for the last bidding carried out in Western Railway in which a total of 25 financial bids were received. Financial bids for these MFCs were opened on September 10th and the total present value of the lease premium and annual lease rent received for MFCs at eight stations is Rs. 20.27 crore which is much more than the minimum expectation of RLDA from these sites.

Now, in its forthcoming endeavour to develop MFCs in Andhra Pradesh, RLDA is holding a pre-bid conference at Hyderabad tomorrow i.e. 12th September 2013 to invite bids for commercial development of MFCs at eight stations in cities of tourist and religious interest in Andhra Pradesh, namely Dharmavaram, Karimnagar, Kurnool Town, Nellore, Nizamabad, Vijayawada, Zahirabad and Kacheguda.

These eight centralised complexes will have the facilities for rail users such as shopping, food stalls/restaurants, book stalls, ATMs, medicines and variety stores, budget hotels, parking etc. Prominent bidders and developers from retail and hotel chain industries have expressed their keen interest to attend this pre-bid conference.

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