This new initiatives seeks to promote ‘Transit Oriented Development (TOD)’ which enables people to live within walking or cycling distance from transit corridors like the Metros, Monorail and Bus Rapid Transit (BRT) corridors, currently being taken up on a large scale. Under the new Metro Policy, TOD has been mandatory while under Green Urban Mobility Scheme, TOD has been made an essential reform and is given priority for receiving central assistance. The Ministry’s initiative comes in the context of over 300 km of Metro lines being operational in seven cities, another 600 kms of metro line projects under construction in 12 cities and over 500 km projects under consideration. The Ministry has supported BRTS projects in 12 cities which are under different stages of progress and eight more cities are set to take up BRT projects. Mass Rail Transit System of 380 km length is being taken up in Delhi. Transit Oriented Development will be financed by channelizing a part of increases in property values resulting from investments in transit corridors through Betterment Levies and Value Capture Financing tools. Increased private sector participation will result in economic development and employment generation. TOD Policy also aims at inclusive development by ensuring mixed neighbourhood development in the form of a range of housing choices including affordable housing and ensuring spaces for street vendors. States and UTs will be required to incorporate TOD in the Master Plans and Development Plans of cities besides identifying ‘Influence Zones’ from transit corridors for tapping revenue streams. TOD is being taken up Ahmedabad, Delhi(kakardooma), Naya Raipur, Nagpur and Navi Mumbai and the Ministry would like this to be expanded to other cities as well.
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