Adani, GMR And Godrej Among 10 Players To Enter Race To Redevelop Mumbai s CSMT Railway Station
by Arun Kumar Das - Jan 16, 2021 03:51 AM
Chhatrapati Shivaji Maharaj Terminus
Snapshot
The Rs 1,642-crore redevelopment project envisages integration of various modes to make the iconic railway station a multi-modal transport hub
GMR Enterprises Adani Railways Transport and Godrej Properties, are among 10 private players who have evinced interest to redevelop Chhatrapati Shivaji Maharaj Terminus, a heritage property in Mumbai.
The redevelopment project is a crucial one as the CSMT is a historic station and the UNESCO World Heritage site located in the heart of Mumbai city.
»Finance Ministry, NITI Aayog Objections Overruled Before Adani Group Won Bids for 6 Out of 6 Airports
2-MIN READ
Finance Ministry, NITI Aayog Objections Overruled Before Adani Group Won Bids for 6 Out of 6 Airports
Passengers cross a road with their luggage, outside an airport in India. (Source: PTI)
In less than two years, Adani group has become India’s largest private developer in number of airports handled; and the second largest in terms of passenger traffic.
Objections raised by the finance ministry and Niti Aayog regarding the 2019 airport bidding process were over-ruled to allow the Ahmedabad-based Adani Group to operate six major airports in a clean sweep, the Indian Express has reported.
A file photo of Adani Group Chairperson Gautam Adani. | Sam Panthaky/AFP
The Adani Group won bids for six airports despite the Ministry of Finance and NITI Aayog raising objections about the 2019 bidding process,
The Indian Express reported on Friday, citing documents accessed by it.
Earlier,
Newsclick had reported on how the Narendra Modi-led government bypassed norms to allow the Adani Group to gain entry into the airport business.
The Centre had privatised the airports at Ahmedabad, Lucknow, Jaipur, Mangaluru, Guwahati and Thiruvananthapuram, and Guwahati in 2019. The Adani group won the right to operate them for 50 years, surpassing even established players like GMR in the bidding process.
January 15, 2021
GMR Enterprises, Kalpataru Power Transmission, Adani Railways Transport among bidders
Ten firms,including GMR Enterprises, ISQ Asia Infrastructure Investments, Kalpataru Power Transmission, Anchorage Infrastructure Investments Holdings, Adani Railways Transport, Brookfield Infrastructure Fund, have submitted qualifying bids for redeveloping Chhatrapati Shivaji Maharaj Terminus (CSMT), Mumbai. Other bidders are Moribus Holdings, Godrej Properties, Keystone Realtors and Oberoi Realty, said a IRSDC statement.
Indian Railway Stations Development Corporation Ltd (IRSDC) invited Request for Qualification (RFQ) for redevelopment of CSMT on public private partnership basis on August 20, 2020, after ‘in principle’ approval of the Public Private Partnership Appraisal Committee (PPPAC), the release added.
The redevelopment cost of the station (mandatory cost) including the cost of financing and contingency is ₹1,642 crore. The project will be undertaken by the develop
»Ten Firms, Including Adani Group Co, Bid to Redevelop Heritage CSMT Railway Station in Rs 1,642 Cr Project
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Ten Firms, Including Adani Group Co, Bid to Redevelop Heritage CSMT Railway Station in Rs 1,642 Cr Project
People at the Chhatrapati Shivaji Terminus railway station in Mumbai. (File photo/Reuters)
The Indian Railway Stations Development Corporation (IRSDC) on August 20 invited the Request For Qualification (RFQ) for the redevelopment of the station into a worldclass terminus through the public private partnership (PPP) model.
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Ten firms, including an Adani Group company, have bid for redeveloping the heritage Chhatrapati Shivaji Maharaj Terminus (CSMT) Railway station as part of an over Rs 1,640-crore project. The station, a UNESCO-certified World Heritage Site from where the first railway chugged out over 170-years ago, will be redeveloped in multiple phases over a four-year period, officials at the Indian Railways Station Development Corporatio