An unsolicited PPP proposal with an aim to create a new global experience of travelling to railway commuters, Quicom+ launched a transit-oriented development (TOD) programme for Mumbai´s suburban railway stations´ redevelopment. The programme will create a sustainable, inclusive growth through multifunctional complex (MFC) on 114 stations, writes BV Kothari.
TOD is the way forward for Mumbaikars and Quicom+ seeks to achieve a bold vision for the city while at the same time it´s a socio-economic-business model programme, attractive to investors, railways, and commuters. This is a bold vision of morphing Mumbai into Shanghai!
No additional land or acquisition required: Quicom+ project´s design concept is on the principles of Super¡structure, constructing an elevated super structure, which is a vertical expansion of existing structure above baseline on pillars.
Advantages to stakeholders
Quicom+ is beneficial to the stakeholders in different ways. There is a huge real estate profit per stations for developers and railways.
Advantages to commuters
TOD will provide a new global experience of travelling to commuters. They will be able to use spa¡cious, clean and hygienic atmosphere. Commuters will have safe and secure travels under the best and latest surveillance system with dog squad and crisis centre for any mis-happening at station. Every nook and corner of station and shopping plaza will be under CCTV surveillance with centralise monitoring and public announcement system.
Advantages to Railway and government
Railways will generate huge capital without invest¡ment and will be able to execute their pending projects more quickly and will create handsome income from billboards, contracts and other paid services. It can save World Bank´ interest and can become independent financially. Central Government also will reduce its budgetary burden for railways´ allocation every year. State will increase their tax rolls.
Advantages for country
Fuel savings/fuel efficiency is becoming more and more in today´ world. Quicom+ will help in reducing road traffic due to three storey allotted car parking at all stations. Reduction in use of petroleum products will reduce air and noise pollutions and more importantly will save costly foreign exchange and can earn carbon credits.
Mumbai has come a long way to become the commercial and cultural hub of India with asto¡nishing population. Most of the population depe¡nds heavily on locals trains known as ´LIFE LINE OF MUMBAI.´ Mumbai´s railway network is worlds´ largest network, is well placed to TOD model due to the large amount of prime real estate ´hidden ´values around 114 railway stations on three lines, western, central and harbour.
To implement this prestigious project require a strong political will and positive approach from railways to approve proposal under PPP mode. Promoters have proposed to associates as joint venture partner with corporate or global developers.
The proposed Quicom+ TOD programme for Mumbai was officially submitted to the Ministry of Railways and concerned authorities on 1 January 2011 for further consideration.
SAB KA SATH SAB KA VIKAS
The author is Director, Maruti Rail System Pvt Ltd. Ahmedabad
Mob: 098256 99298.