Centre plans public transit hubs

An MoU has been entered into between the Ministry of Railways and the Ministry of Urban Development for integrated planning of railway stations in the cities included in the Smart Cities and AMRUT scheme. This would lead to an integrated public transit hub around the railway stations, and encourage Transit-Oriented Development. Each Smart City has incorporated a Special Purpose Vehicle to execute the Smart City Plan. The SPV may form a joint venture company with an MOR-designated entity to implement railway station redevelopment projects in these cities. As these projects are complex in nature, no timeframe has been presently set for completion.