National Capital Region Transport Corporation (NCRTC) is mandated for designing, developing & implementing the Regional Rapid Transit System (RRTS) project across the National Capital Region thereby ensuring and promoting balanced and sustainable urban development through better connectivity and access.
For ensuring financial sustainability of the RRTS project, NCRTC has been exploring avenues for increasing non-farebox revenues, both from conventional and innovative methods by benchmarking domestic and international best practices. The innovative initiatives include implementation of Transit Oriented Development (TOD), Land Value Capture (LVC) and Value Capture Financing (VCF).
Asian Development Bank
The Asian Development Bank (ADB) is providing support for the implementation of the Delhi – Ghaziabad – Meerut RRTS Corridor. Under the Urban Climate Change Resilience Trust Fund (UCCRTF), a technical assistance program has been designed with the objective of providing technical expertise to NCRTC, for augmentation of Non-Fare Box Revenues including implementation of TOD and VCF.