Dharavi Redevelopment Project : Railways Transfers 50-Acre Plot to Maharashtra Government

Dharavi Redevelopment Project : Railways Transfers 50-Acre Plot to Maharashtra Government

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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.

More Information:

  • 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.

To know more about recent developments of of Railways 

25 Feb, 2019: New Silaghat-Tambaram Weekly Express launched by Indian Railways

22 Feb, 2019: Railways to install Automatic Coach Washing Plants at Puri and Visakhapatnam

20 Feb, 2019: ABB bags Rs 270 crore order from Indian Railways to supply converters for electric locomotives

(  Please reach us at editor@railanalysis.com for more information. )

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