Read more about Godrej Properties, Oberoi Realty may not place final bids for CSTM revamp on Business Standard. The project has long-term lease rights of up to 99 years for residential or mixed use and 60 years for non-residential formats.
Read more about Adani, GMR among firms in next round for Mumbai s CSMT rly station revamp on Business Standard. Redevelopment cost pegged at Rs 1,642 cr; project to be executed on design, build, finance, operate and transfer (DBFOT)-basis
The Indian Railway Stations Development Corporation Ltd has shortlisted the Adanis and eight others for redeveloping Chhatrapati Shivaji Maharaj Terminus in Mumbai
Mumbai (Maharashtra) [India], June 1 (ANI): Indian Railway Stations Development Corporation Limited (IRSDC) has shortlisted nine bidders for the redevelopment of Mumbai's Chhatrapati Shivaji Maharaj Terminus Railway Station (CSMT).
Indian Railway Stations Development Corporation Limited (IRSDC) has shortlisted nine bidders for the redevelopment of Mumbai Chhatrapati Shivaji Maharaj Termi
Chhatrapati Shivaji Maharaj Terminus. (File photo) MUMBAI: A total of nine bidders remained in fray for the Chhatrapati Shivaji Maharaj Terminus(CSMT) redevelopment project that promises airport-like experience to passengers, besides opening up a space for commercial and residential units in south Mumbai. Indian Railway Stations Development Corporation (IRSDC), which is spearheading the bidding process, had invited requests for qualification under the public-private partnership (PPP) basis on August 20, 2020. The nine bidders were shortlisted after Indian Railway Stations Development Corporation (IRSDC) evaluated the RFQ (Request for Quotation) Applications submitted by the bidders On January 15, 2021, IRSDC opened the RFQ applications of CSMT Railway station and received response from 10 developers.
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The Rail Land Development Authority (RLDA), the organisation responsible for executing the redevelopment of the New Delhi Railway Station has invited the request for quotation (RFQ) bids which witnessed participation from national and international companies. The Railways said on Wednesday that nine companies including Adani Railways Transport, ISQ Asia Infrastructure Investments, and GMR Highways, have expressed interest in the revamp project, entailing an investment of around Rs 6,500 crore. The station is strategically located in the heart of Delhi and has proximity to Connaught Place, Delhi s prime commercial hub. So wat will be the changes? According to RLDA, the station will be redeveloped into a world-class station in line with global standards with Dome-shaped terminal buildings with 2-Arrival and 2-Departure at the concourse level, two Multi-Modal Transport Hubs (MMTH) on its every side, 40-floor high-rise twin towers (with Hotel / Offices and Retail at Podium) and pedestrian boulevard with high- street shopping among the salient features of the proposed development.
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-Transfer model. The Project offers multiple revenue streams to the developer, including revenue from real estate rights and is slated to be completed in around four years. The concession period is for 60 years,” the statement added.