The agreement was signed on Tuesday after the state and union governments arrived at a conclusion that profits from the ambitious redevelopment project will be shared with the latter. As per the mutually agreed solution, RLDA will get 0.21 per cent of the profits.
Rail Land Development Authority (RLDA), a statutory authority of Indian Railways, has called for bids for leasing out a land parcel of 3.5 acres at Dharmavaram, Andhra Pradesh for commercial development for a lease period of 45 years and for a reserve price of Rs
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The online Pre-Bid meeting was conducted through video conferencing on 25.04.2022 where state and National Level Developers showed keen interest in this project. The last date of submission of e-bid is 10.06.2022.