NBCC signs MoU with West Bengal Govt for urban infrastructure, redevelopment projects

New Delhi: State-owned NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with the West Bengal government's Department of Urban Development and Municipal Affairs (UD & MA) to undertake various urban infrastructure and redevelopment projects across the state.

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The MoU has been signed in the presence of West Bengal Minister for Urban Development and Municipal Affairs Agnimitra Paul and NBCC Chairman and Managing Director K. P. Mahadevaswamy, along with senior officials from the state government and the company.

Under the agreement, NBCC will collaborate with various municipal bodies and development authorities to execute projects covering urban redevelopment, riverfront development, public sanitation infrastructure and government housing.

The projects include comprehensive redevelopment of the College Street area and China Town at Tangra in Kolkata, in association with the Kolkata Metropolitan Development Authority (KMDA).

NBCC will also undertake revitalisation and riverfront development at Chandernagore in collaboration with the Chandernagore Municipal Corporation.

The agreement further provides for a feasibility study and redevelopment of government housing within the BMC area for the Department of Urban Development and Municipal Affairs.

Other assignments include construction of public sanitation facilities across multiple urban jurisdictions through the State Urban Development Agency and development of river ghats in Howrah and Nabadwip in association with the respective municipal authorities.

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According to NBCC's regulatory filing dated November 12, the projects will be executed on a deposit work basis. The company will receive the actual project cost along with an agency charge of 5 percent, excluding GST.

The total financial outlay of the MoU has not been disclosed. NBCC said project-specific costs and other details would be communicated in due course.

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