In order to enhance the connectivity within the National Capital Region, National Capital Region Planning Board (NCRPB), has proposed to connect the Urban, Industrial (SEZs/Industrial Parks), Regional and Sub-regional centres in the States of Delhi, Uttar Pradesh, Rajasthan and Haryana through a Regional Rapid Transit System (RRTS).
Regional Rapid Transit System (RRTS) is a rail based high-speed transit system with a design speed of 180 km/h and an average speed of 100 km/h. Once operational, it will be the fastest, most comfortable and safest mode of commuter transport in NCR. Such transport solution will support the goal of sustainable economic and social development of the region, with protection of the environment.
National Capital Region Transport Corporation (NCRTC), a Joint Venture Company of Govt. of India and participating State Govts. of Delhi, Haryana, Rajasthan and U.P. has been instituted with the mandate of implementation, operation and maintenance of RRTS. The RRTS System will reframe the urbanization pattern in the NCR towns and will redefine and trigger the economic activities.
The Detailed Project Report of Delhi-Meerut RRTS corridor identified land parcels along the transit corridor for implementation of Transit Oriented Development (TOD). In addition, certain Value Capture Finance (VCF) instruments are also identified to meet debt repayment bligations of the RRTS project during the operational phase, as per the guidelines laid out by the Ministry of Housing and Urban Affairs in its National Value Capture Policy Framework.
At this stage, NCRTC proposes to organise a day long workshop to apprise and update the stakeholders
(Ghaziabad Development Authority, Meerut Development Authority, National Capital Region Planning Board and other State Govt. Agencies) about various aspects of implementation of TOD and enforcement of VCF as successfully done by other cities and states across India & abroad with due consideration to the ground realities.