NBCC Signs Six MoUs with West Bengal Government for Major Urban Redevelopment Projects; College Street, Chinatown to Get a Makeover – Indian PSU

Navratna PSU NBCC (India) Limited has secured a significant opportunity in West Bengal, signing six Memorandums of Understanding (MoUs) with the state government and its various agencies for urban redevelopment and infrastructure development projects.

The projects include the comprehensive redevelopment of Kolkata’s historic College Street and Chinatown area at Tangra, riverfront development in Chandannagar, redevelopment of government housing, construction of public sanitation facilities and development of river ghats in Howrah and Nabadwip.

The agreements mark a significant expansion of NBCC’s project management and infrastructure development engagements in West Bengal.

College Street and Chinatown to Undergo Redevelopment

One of the major assignments involves the redevelopment of College Street and Chinatown at Tangra in Kolkata. NBCC has signed an MoU with the Kolkata Metropolitan Development Authority (KMDA) for these projects.

College Street, popularly known as Boi Para, is one of India’s most prominent book markets and a historic centre of intellectual and educational activity. Its redevelopment is expected to improve urban infrastructure while retaining the area’s distinctive cultural and commercial identity.

The redevelopment of Tangra’s Chinatown will focus on transforming the area while recognising its unique cultural heritage.

Six Major Projects Covered Under the MoUs

The six agreements signed by NBCC cover the following projects:

1. College Street and Chinatown Redevelopment: Comprehensive redevelopment of College Street and Chinatown at Tangra through KMDA.

2. Chandannagar Riverfront Development: Riverfront development in collaboration with Chandernagore Municipal Corporation.

3. Government Housing Redevelopment: Feasibility study and redevelopment of government housing in the BMC area through the Department of Urban Development and Municipal Affairs.

4. Public Sanitation Infrastructure: Construction of public toilets across various urban areas through the State Urban Development Agency.

5. Howrah River Ghat Development: Development of river ghats in association with Howrah Municipal Corporation.

6. Nabadwip River Ghat Development: Development of river ghats through Nabadwip Municipality.

NBCC to Receive 5% Agency Charges

According to NBCC’s regulatory filing dated November 12, 2026, the projects will be executed on a ‘Deposit Work Basis’.

Under this arrangement, NBCC will receive the actual cost of the projects along with agency charges of 5% on the project cost, excluding GST.

The total financial outlay of the six projects has not yet been disclosed. Project-wise costs and further details are expected to be communicated separately.

Senior Officials Attend MoU Signing Ceremony

The MoUs were signed in the presence of West Bengal’s Urban Development and Municipal Affairs Minister Agnimitra Paul and NBCC Chairman and Managing Director K. P. Mahadevaswamy, along with senior officials from the state government and NBCC.

The assignments reinforce NBCC’s position as a key public sector player in project management consultancy, urban infrastructure development and redevelopment of government properties.

NBCC, a Navratna Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs, has extensive experience in executing large-scale government infrastructure, commercial and residential redevelopment projects.

With these agreements, the company has secured an opportunity to play a significant role in West Bengal’s urban transformation programme.