In March 2019, the Government of India, in its Sanction Letter for the Delhi Meerut RRTS Corridor, directed NCRTC and the participating State Governments to take action through implementation of VCF & TOD for the financial sustainability of the RRTS project. NCRTC has been actively pursuing VCF and TOD for increasing non-farebox revenues for the overall financial sustainability of the RRTS System. Extensive consultations have been held with a diverse range of stakeholders including Ghaziabad Development Authority (GDA) & Meerut Development Authority (MDA), District Administrations, Revenue, PWD, Transport, Stamps and Registrations, Industries Departments, Global and Domestic subject matter Experts, Private Sector Players, etc.
The consultative process & stakeholder engagements are captured in graphics below
The State Government of Uttar Pradesh (Delhi – Meerut RRTS Corridor) is actively supporting the initiatives of NCRTC. Value Capture Instruments like Additional Purchasable FAR, Special Amenity Fees, Change of Land Use Charges and Additional Stamp Duty are under active consideration of the State Government.
For the proposed Delhi – Gurugram – SNB RRTS Corridor, the Government of Haryana in their approval letter for the DPR, mandated that Additional FAR be applicable in the Influence Zone of the Project (1.5 km radius). The Haryana TOD Policy already provides for the applicability of other VCF instruments like Infrastructure Development Charges, Infrastructure Augmentation Charges, Change of Land Use, etc.