Mayor Muriel Bowser and Events DC Announce the Launch of Phase Two of the DC CARES Program Providing Over $8M for Excluded Workers Relief
Critical Funding Represents Continuing Efforts to Support the DC Community and Invest in City s Future
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WASHINGTON, Feb. 2, 2021 /PRNewswire/
Mayor Muriel Bowser and Events DC, Washington DC s official convention and sports authority, launched Phase 2 of the DC CARES Program this week, which will provide over $8 million in relief funding to eligible excluded workers in the District of Columbia. The program is intended to serve residents that have been omitted from federal stimulus efforts and are experiencing financial hardship due to the COVID-19 pandemic. The additional aid comes from the District of Columbia s budget and supplements the $5 million in relief for Phase 1 of the program provided by Events DC in June.
Project cost, user charges:
Extended operations and maintenance (O&M) period: The railway station will be on a license with concessionaire for 60 years
Additional revenue stream: The station will have pre-determined user charges, similar to airports
About 2.54 lakh square metre of built up area (tentative) has been allowed for commercial development around the station
The redevelopment cost of the station (mandatory cost) including the cost of financing and contingency etc. is Rs. 1642 crore, according to IRSDC
The investment opportunity for the redevelopment is on the DBFOT or design, build, finance, operate, and transfer basis.
New infrastructural facilities:
Chhatrapati Shivaji Maharaj Station Terminus is a UNESCO world heritage site and its redevelopment plan involves the integration of various modes to make it a multimodal transport hub.
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Redevelopment housing project
New method should help cool overheated market
The government has selected eight areas in Seoul for a pilot redevelopment project by public builders to supply high-quality housing around subway stations. If the project proceeds as planned, it will supply 4,763 homes, an increase of 3,059 added to the existing 1,704 in the city. The number may not be so large as to exert significant influence on the housing market, however, it is meaningful as the project will likely meet the most cherished wishes of families needing homes.
Once an area is selected for the public redevelopment project, it can enjoy various benefits, such as eased restrictions on floor area ratios, exemption from the sales price ceiling and simplified permit processing. The central and local governments have decided to retrieve part of development profits and designate them as land transaction permit areas to curb property speculation. If everything goes well, the project is expected t
How will New Delhi Railway station look after redevelopment? see in pics
The phased redevelopment would involve station redevelopment, development of associated infrastructure and upgradation of social infrastructure.
Sameer Dixit
Jan 13, 2021, 08:05 PM IST
New Delhi railway station is soon to undergo redevelopment work. It will be redeveloped by Rail Land Development Authority(RLDA) and Indian railway station development corporation (IRSDC) which has invited bids from private players. Rail Land Development Authority (RLDA) has invited online bids from private players to redevelop New Delhi Railway Station into an integrated commercial, retail and hospitality hub.
In last September 2020 pre-bid meeting was also held in which firms like GMR, Adani, GMR, JKB Infra, Arabian Construction Company and Anchorage Infrastructure took part and expressed interest.