State-owned NBCC (India) Limited has signed a Memorandum of Understanding (MoU) with the West Bengal government’s Department of Urban Development and Municipal Affairs (UD & MA) to undertake urban infrastructure and redevelopment projects across the state.
The MoU was signed in the presence of West Bengal Minister for Urban Development and Municipal Affairs Agnimitra Paul and NBCC Chairman and Managing Director K. P. Mahadevaswamy, along with senior officials from the state government and the company.
Under the agreement, NBCC will collaborate with municipal bodies and development authorities to execute projects covering urban redevelopment, riverfront development, public sanitation infrastructure and government housing.
NBCC Projects to Cover Kolkata Redevelopment and Riverfront Development
The proposed assignments include the comprehensive redevelopment of the College Street area and China Town at Tangra in Kolkata, in association with the Kolkata Metropolitan Development Authority (KMDA).
NBCC will also undertake the revitalisation and riverfront development of Chandernagore in collaboration with the Chandernagore Municipal Corporation.
The agreement further provides for a feasibility study and redevelopment of government housing within the BMC area for the Department of Urban Development and Municipal Affairs.
Public Sanitation and River Ghat Development
Other projects under the MoU include the construction of public sanitation facilities across multiple urban jurisdictions through the State Urban Development Agency.
NBCC will also undertake the development of river ghats in Howrah and Nabadwip in association with the respective municipal authorities.
The assignments are expected to cover multiple urban locations and involve coordination with the concerned municipal corporations, development authorities and state agencies.
Projects to Be Executed on Deposit Work Basis
According to NBCC’s regulatory filing dated November 12, the projects will be executed on a deposit work basis. Under this arrangement, the company will receive the actual project cost along with an agency charge of 5%, excluding GST.
The total financial outlay of the MoU has not been disclosed. NBCC stated that project-specific costs and other details would be communicated in due course.
The agreement marks a collaboration between NBCC and the West Bengal government for a range of urban infrastructure and redevelopment assignments. The proposed projects span city redevelopment, riverfront improvement, public sanitation and government housing, with implementation to be taken up in coordination with the respective state agencies and municipal authorities.
