RLDA Commercial Development at ‘Salt Golah, Howrah

The Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways, will undertake commercial development of a large land parcel called ‘Salt Golah’ at Howrah on the western banks of the Hooghly river. Belonging to the Railways, the land parcel covers nearly 89,032 sq meters. The site, as the name suggest, consist of old salt godowns and administrative offices (most of which are in a dilapidated condition). It is located on a 20-metre-wide road along the Hooghly river 1.5 km from the iconic Howrah Station. The site is well connected through road and river transport. RLDA has invited bids (online) for engaging marketing and financial consultants for the commercial development of railway land. The consultant shall be required to carry out valuation for different lease periods ranging from 30-99 years to arrive at the optimum valuation; develop a financial model for the project; market the project and assist RLDA in managing the bidding process.