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What is Rail Land Development Authority mean?
Rail Land Development Authority (RLDA) is a statutory authority, under the Indian Ministry of Railways, set-up by an Amendment to the Railways Act, 1989. It is responsible for creating assets for Indian Railways through the development of vacant railway land for commercial use to generate revenue by non-tariff measures. RLDA's mission is to be a leader in creating value through the redevelopment of land and air spaces – residential, commercial, and transportation hubs. RLDA's expenses are covered through grants provided by Indian Railways. RLDA transfers the total earnings generated from the development of railway land to Indian Railways. The Indian Planning Commission has computed an approximate budget of around Rs 20 to 272 billion for the development of infrastructure nationally during the 11th plan period. Out of this budget, the Railways has an anticipated requirement of Rs 2800 billion. 83% of this requirement is supposed to be met through public sector investment. In order to generate the remaining investment required to meet the budget mentioned above, the Indian Railways set up the Rail Land Development Authority on 1 November 2006. Ved Prakash Dudeja, a 1986 batch IRSE officer, is Vice Chairman of RLDA. He joined RLDA on 7 April 2019.
Currently, RLDA is working on four types of projects:
Commercial ProjectsMulti-functional ComplexColony RedevelopmentStation development referencePosted on 25 Nov 2024, this text provides information on Miscellaneous in Indian Ministry of Railways related to Indian Ministry of Railways. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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