State okays higher Floor Space Index for railway stations

In order to ensure 50% funding for the suburban rail project by the Centre, the state government has recently given a nod to provide the Floor Space Index of 5 sought by the Railways.

Published: 06th April 2018 05:54 AM  |   Last Updated: 06th April 2018 05:54 AM   |  A+A-

By Express News Service

BENGALURU: In order to ensure 50 per cent funding for the suburban rail project by the Centre, the state government has recently given a nod to provide the Floor Space Index of 5 sought by the Railways on the land near its stations. FSI refers to the total area on a plot which can be built.

Additional Chief Secretary of Urban Development department, Mahendra Jain, has conveyed this in a letter sent to the Chairman of Railway Board on April 2. The decision was taken during a meeting between the chief secretary and general manager of South Western Railway on March 21, the letter said.
The meet also decided that a Special Purpose Vehicle needs to be set up for the suburban project under the K-RIDE, a joint undertaking between the state, Indian Railways and I-deck.

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