INSUBCONTINENT EXCLUSIVE:
The deadline for the submission of bids is May 12, 2021, said Rail Land Development AuthorityThe Rail Land Development Authority - Indian
Railways' special purpose vehicle for land monetization, recently invited bids for leasing three sites, in order to develop multi-functional
complexes or MFC at Sikar, Bellary, and Bharatpur railway stations, for a period of 45 years
According to a statement shared by the organisation, the aim of developing multi-functional complexes at the three railway stations is to
equip the land with better infrastructure and boost passenger-centric amenities
in Rajasthan and Bellary station is in Karnataka
According to Rail Land Development Authority, the deadline for the submission of bids is May 12, 2021
The sites identified for developing multi-functional complexes are near the railway stations or come within the station's circulating area
As part of the development project, a combination of retail spaces, hotels, retail amenities or shops are outlined to be implemented on the
multi-functional complex sites.For the development project, the bidder will be selected through an online single-stage bidding process,
which will be transparent, said Rail Land Development Authority
The developer for the project will be delegated to complete the construction at each site and commission the site within a period of two
respectively.The bidder will also be allowed to market and sub-lease the built-up area for lawful and legal activities
Passenger-centric facilities such as ATM, food stalls, medicine stores, budget hotels, variety stores, bookstalls are planned to be
implemented as part of the project.
