Centre to fund only TOD metro Project

The delays in the Revised Master Plan (RMP) 2031 and the UMTA was a cause for worry.

0
811
TOD
TOD

CHENNAI (Metro Rail News): State government has to implement The Transit Oriented Development (TOD) Policy in Bengaluru if Namma Metro is to qualify for central government funding under the new rules.

Apart from TOD, The Metro Rail Policy 2017 also mandates. it is “mandatory” for state governments to implement a Comprehensive Mobility Plan (CMP), set up a Unified Metropolitan Transport Authority (UMTA) as a statutory body, bring in private investment and integrate different modes of transportation in the city implementing the metro project.

“The state governments shall commit to provide (a) required support to metro rail companies/agencies to ensure financial sustainability during operations,” the metro policy states.

“TOD policy also set the stage for sustainable growth. The traditional way is to let the city grow and bring policies as a retrofit measure. The combining of mobility and development will encourage competitiveness, besides promoting economic activities.” Said Ajay Seth BMRCL Managing Director.

It opens up space for tools like value capture finance,” he explained. The committee which is drawing the comprehensive mobility plan for Bengaluru headed by Mr. Seth.

According to the sources, the delays in the Revised Master Plan (RMP) 2031 and the UMTA was a cause for worry.

“The Urban Development Department will have final approval in both the policies. The huge number of suggestions to the RMP and the concerns expressed by different departments over the UMTA has caused delays.

We will get clarity on the issue once the model code of conduct has lied,” the source added. The BMRCL has sought central government funding for the ORR metro line (Phase 2A) which link Central Silk Board junction with KR Puram and the airport line (Phase 2B)

Aims of TOD policy

  • Double the population density along the transit corridor.
  • Exempt historical, cultural and environmentally sensitive areas.
  • Relax setbacks and coverage in the TOD zone.
  • Amalgamate and reconstitute plots for utilisation of higher FSI.
  • Discourage land banking by levying a vacant land tax.
  • Promote mixed land use, restrict private vehicle-oriented land use.
  • Encourage walking, cycling and public transport.

BEML seeks metro coach contract

May 8, 2019. BEML appealed to Chief Minister H D Kumaraswamy, seeking the contract of manufacturing metro train coaches. BEML Chairman and Managing Director Deepak Kumar Hota submitted a memorandum to the chief minister, requesting for the contract to make coaches for Namma Metro Phase 2.

Noting that the Maharashtra Metro Rail Corporation has awarded 70% of the train manufacturing work to BEML, Hota said such a contract from the BMRCL would ultimately benefit Karnataka by creating more jobs. Kumaraswamy told the BMRCL to consider the request and take the necessary decision.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.