Date of Post: 26 Feb, 2019
The agreement was finalised by Maharashtra Chief Minister Shri Devendra Fadnavis , Railways Minister Shri Piyush Goyal, and Railways Board Chairman Shri Vinod Kumar Yadav in Mumbai.This agreement will be announced in New Delhi on Monday.
- The Indian Railways and the Maharashtra government made a deal on Sunday under which the Railways will part upto 50 acres of land held for the Dharavi Redevelopment Plan.
- The Indian Railways has also agreed to transfer the 45-50 acres of land that is part of the two parcels held by Western Railways and Central Railways in the Matunga-Mahim area measuring a total of the 97 acres.
- The government has agreed to pay Rs 800 crore for the land, as well as a share of profit from the redevelopment to the Indian Railways, the top sources said.
- The Dubai-based Seclink Technology Corporation, earlier this month, successfully bid to partner in a special purpose vehicle with the government’s Dharavi Redevelopment Authority for the over 500 acre project.
- Subsequent to this , clearance is awaited by the Cabinet.
- The estimated cost of the project is Rs 26,000 crore.
- It would give a much-needed boost to the Dharavi redevelopment project, State official said.
- The state says that as many 30,000 transit accommodation units would be built on the land transferred by the Railways.
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