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News Entry# 534550
Dec 20 2023 (19:39) Indian Railways Seeks to Expedite Station Redevelopment by Granting RLDA Local Body Status
IR Affairs
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News Entry# 534550   
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Rail Land Development Authority to be classified as local urban body

Indian Railways is pushing for the Rail Land Development Authority (RLDA) to be recognized as an urban local body, aiming to speed up station redevelopment and land monetization. This would give RLDA more autonomy and streamline projects, especially in areas where disagreements with local authorities have caused delays. RLDA is currently...
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developing 119 commercial sites, with 35 already awarded and bids for 84 more expected. This move is crucial for the National Monetization Pipeline, which aims to monetize government assets, with railways aiming to raise over ₹1.5 trillion. While the plan has seen some progress through rail land development, station redevelopment and other initiatives are yet to take off. Recognizing RLDA as a local authority would facilitate faster development of railway land and support the government's monetization efforts.

Indian Railways chahta hai ki Rail Land Development Authority (RLDA) ko urban local body maan liya jaaye, isse station redevelopment aur land monetization jaldi ho sakega. Isse RLDA ko zyada autonomy milega aur projects jaldi complete honge, khass kar un jagahon pe jahan local authorities ke saath disagreement ki wajah se...
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delays ho rahe hain. RLDA abhi 119 commercial sites develop kar raha hai, jisme se 35 ko already award kiya ja chuka hai aur 84 aur plots ke liye bids aane wali hain. Ye move National Monetization Pipeline ke liye bahut important hai, jiska aim hai ki government assets monetize kiye jaaye, aur railways ka target ₹1.5 trillion se zyada raise karna hai. Plan mein thodi progress hui hai rail land development ke through, lekin station redevelopment aur dusre initiatives abhi start nahi hue hain. RLDA ko local authority maan lene se railway land ka fast development hoga aur government ke monetization efforts ko support milega.
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