Aug 6, 2016

Modernizing Railway Stations Through PPP Mode

Indian Railways has advertised its plan to redevelop ‘A-1’ and ‘A’ category stations on ‘as is where is’ basis, by inviting proposals from developers with their designs and business ideas. The entire cost of station redevelopment is to be met by leveraging commercial development of land and air space in and around the stations. The list of ‘A-1’ & ‘A’ category stations is appended. 
Further, eight stations viz., Anand Vihar, Bijwasan, Chandigarh, Gandhinagar, Habibganj (Bhopal), Shivaji Nagar (Pune), SAS Nagar (Mohali) and Surat have been entrusted to Indian Railway Stations Development Corporation Ltd. (IRSDC) for redevelopment under PPP mode. Bids for redevelopment of Habibganj station have been finalized and development agreement signed. Request for Qualification (RFQ) for Anand Vihar station has been finalized and RFQ for Bijwasan station has been opened. 

Station redevelopment projects are complex in nature and require detailed techno-economic feasibility studies and statutory clearances from local bodies. Therefore, no time frame can be indicated at this stage.