State-owned NBCC has signed six MoUs with the West Bengal government and various state authorities for infrastructure and redevelopment projects. The proposed works include river ghat development in Howrah and Nabadwip, redevelopment of College Street and Chinatown, and construction of public toilets.
New Delhi, November 12 — State-owned NBCC has signed six Memorandums of Understanding (MoUs) to undertake a series of development and redevelopment projects in West Bengal, the company said in a regulatory filing.
The agreements have been signed with the West Bengal government’s Department of Urban Development & Municipal Affairs and various authorities under it.
The projects include redevelopment of important urban areas, riverfront and river ghat development, government housing feasibility studies and public toilet infrastructure.
College Street and Chinatown redevelopment
NBCC has signed an MoU with the Kolkata Metropolitan Development Authority (KMDA) for the redevelopment of the College Street area and Chinatown at Tangra.
Another agreement has been signed with Chandernagore Municipal Corporation for riverfront development.
The company will also work with the Department of Urban Development & Municipal Affairs on a feasibility study for redevelopment of government housing in the BMC area.
River ghats at Howrah and Nabadwip
River ghat development is another major component of the agreements.
NBCC has signed an MoU with the Howrah Municipal Corporation for development of a river ghat at Howrah.
A separate agreement with Nabadwip Municipality covers development of a river ghat at Nabadwip.
The state-owned company has also signed an agreement with the State Urban Development Agency for public toilets.
NBCC to get 5% agency charge
NBCC will execute the proposed projects on a “Deposit Work Basis.”
Under this arrangement, the company will be paid the actual cost incurred on the projects.
In addition, NBCC will receive agency charges of 5% on the actual project cost, excluding GST.
The source does not disclose the combined value of the six proposed projects or provide timelines for their completion.
The MoUs were signed in the presence of Agnimitra Paul, Minister of Urban Development and Municipal Affairs in the West Bengal government, and NBCC CMD K P Mahadevaswamy.
NBCC operates primarily in project management consultancy and real estate businesses. The six agreements expand its involvement in urban redevelopment and public infrastructure projects in West Bengal.
