NBCC Signs MoUs with West Bengal Urban Development Department for Multiple Projects
NBCC (India) Limited has signed Memoranda of Understanding (MoUs) with the Department of Urban Development & Municipal Affairs (UD & MA), Government of West Bengal, and its various authorities to undertake a series of urban development projects in the state.
The MoUs were signed in the presence of Smt. Agnimitra Paul, Hon’ble Minister of UD & MA, and Shri K. P. Mahadevaswamy, Chairman and Managing Director of NBCC, along with other dignitaries of the State Government and officials of NBCC.
Projects Covered under the MoUs
|
Authority |
Scope of Work |
|---|---|
|
Kolkata Metropolitan Development Authority |
Redevelopment of College Street area and Chinatown at Tangra |
|
Chandernagore Municipal Corporation |
River front development at Chandannagar |
|
Department of Urban Development & Municipal Affairs |
Feasibility study and redevelopment of Government housing in BMC area |
|
State Urban Development Agency |
Public toilets in various urban areas |
|
Howrah Municipal Corporation |
Development of River Ghat at Howrah |
|
Nabadwip Municipality |
Development of River Ghat at Nabadwip |
Commercial Terms
NBCC will execute the projects on a “Deposit Work Basis”. The Company will be paid the actual cost of the projects plus agency charges of 5% (excluding GST) on the actual project cost. Detailed project costs will be shared in due course.
The Company has stated that the MoUs form part of its normal course of business. The information is also available on NBCC’s website.