Explained: The big Indian Railways station redevelopment project for airport-style experience
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Explained: The big Indian Railways station redevelopment project for airport-style experience
Smriti Jain / TIMESOFINDIA.COM / Updated: Feb 25, 2021, 16:14 IST
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RLDA Vice Chairman talks about the railway station redevelopment economics, measures to invite private players.
Indian Railways is redeveloping several railway stations including New Delhi and CSMT across its network to offer passengers airport-style world-class experience. The stations are being redeveloped with private sector participation and focus on revenue generation. Ved Parkash Dudeja, Vice Chairman, Rail Land Development Authority (RLDA) tells TOI s Smriti Jain about the railway station redevelopment economics, measures to invite private players and what passengers can expect. Edited excerpts:
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NEW DELHI: Nine major players, including GMR Highways, Adani Railways and realtor Omaxe are in the fray for redevelopment of New Delhi railway station entailing an investment of around Rs 6,500 crore.
Along with the modernisation of Mumbai s Chatrapati Shivaji Maharaj Terminus (CSMT), the capital s key station is among the most prominent asset monetisation and railway modernisation programme being undertaken by the Centre.
Rail Land Development Authority (RLDA), which has been tasked to undertake the redevelopment, said BIF IV India Infrastructure Holding, ISQ Asia Infrastructure Investments, Anchorage Infrastructure Investments, Kalpataru Power Transmission, Arabian Construction Company and Elpis Ventures have also participated in the technical bidding for the station.
Updated Feb 04, 2021 | 08:03 IST
New Delhi Railway Station Redevelopment is a flagship project of the RLDA, and the first to be undertaken on the Transit-Oriented Development (TOD) concept in Delhi-NCR. The New Delhi Railway Station will be redeveloped into a world-class station in line with global standards with dome-shaped terminal buildings
New Delhi: Nine major global and domestic companies including GMR Highways, Adani Railways and realtor Omaxe are in the race to bag the redevelopment project of New Delhi railway station entailing an investment of around Rs 6,500 crore.
Worth mentioning here is that Mumbai’s Chatrapati Shivaji Maharaj Terminus (CSMT) and the capital s main railway station are among the most prominent asset monetisation and railway modernisation programme being undertaken by the Centre.
Arabian Construction Company, Adani Railways Transport, Kalpataru Power Transmission, GMR Highways, and Omaxe have expressed interest in redeveloping the New Delhi railway station. A statement from the Rail Land Development Authority (RLDA) said that BIF IV India Infrastructure Holding (DIFC), ISQ Asia Infrastructure Investments, Anchorage Infrastructure Investments Holdings, and Elpis Ventures also participated in the Request for quotation (RFQ). “These companies will now undergo technical evaluation. In the next stage RLDA will float the Request for Proposal (RFP) for selected participants who get qualified in the technical process,” the statement said. “New Delhi Railway Station Redevelopment is a flagship project of the Rail Land Development Authority (RLDA), and the first to be undertaken on the Transit-Oriented Development (TOD) concept in Delhi-NCR. It will incur a capital expenditure at around $680 million and will be developed on a Design-Build-Finance-Operate-T