Rly target over Rs 1000 crore from commercialisation of land

Stepping up efforts for generating Rs 1000 crores revenue from railway land, Rail Land Development Authority (RLDA) has concretised an action plan to develop 75 multi-functional complex (MFC) sites in the current fiscal.
RLDA, a statutory authority established by Railway Ministry for generating non-tariff revenue from railway land, has initiated the bidding process for the construction of MFC near stations across the country for commercial utilisation.
MFC projects offers passengers various facilities such as shopping, food stalls, restaurants, book stalls, ATMs, medicines, variety stores, budget hotels and parking lot, said a senior Railway Ministry official.
So far, RLDA, which has a target of generating more than RS 1000 crore in leveraging the surplus land for commercial exploitation, has invited nine bids in the current year for development of 43 MFCs in Northern, Western and Southern India.

Prominent stations, where MFC are coming up, include Dehradun, Ujjain, Vasai Road, Anand, Somnath, Lokmanya Tilak Terminus, Gulbarga, Vijayawada, Amritsar, Amethi and Chandigarh.
RLDA is holding a pre-bid conference at Hyderabad tomorrow to invite bids for commercial development of MFCs at eight stations in cities of tourist and religious interest in Andhra Pradesh - Dharmavaram, Karimnagar, Kurnool Town, Nellore, Nizamabad, Vijayawada, Zahirabad and Kacheguda.
Prominent bidders and developers from retail and hotel chain industries have expressed their keen interest to attend the pre-bid conference, said the official.