Colony Re-development
Railway Stations and Railway Colonies are generally located in heart of cities having potential to develop real estate to fund redevelopment of railway colonies are more than 50-60 years old & quarters in these colonies are in dilapidated conditions having outlived useful functional life. Railway staff is not satisfied with upkeep of quarters despite best efforts, resources and money used for up keep & maintenance.
In budget speech of Hon’ble MR, it was announced that construction of staff quarters has been hampered due to funding constraints and encouraged by the success of the MoUD, I propose to adopt the same in railways. Subsequent to announcement of Hon’ble MR, feasibility studies were undertaken and reports submitted to Railways/Railway Board for entrustment of colonies for Re-Development Railway colonies particularly in metro cities are located in prime areas in heart of cities and are financially viable on PPP mode as these colonies have unutilized FSI.
