NEW DELHI (Metro Rail News): Indian Railway will allow a mix of Public-Private partnership (PPP) and Engineering Procurement and construction (EPC) modes to redevelop Stations.
According to the official statement, Coimbatore and Vijayawada stations may be the first to undergo PPP redevelopment, while Delhi and CST would undergo EPC redevelopment.
Furthermore, approval for the redevelopment of these stations will be sought in the next two months. The stations which are on the list for redevelopment through PPP mode include Anand Vihar, Tambram, Andheri, Dadar, Pune, Kalyan, Chennai Central, Vadodra, The Bangalore City, Bhopal, Hazrat Nizamuddin and Avadi stations.
As per the official information, the railway board called off the bid to redevelop the New Delhi Railway Station in EPC mode; earlier, the PPP mode also failed.
In September last year, the cabinet approved Rs. 10,000 crores to redevelop New Delhi, Mumbai (CST) & Ahmedabad railway stations. In which the lowest bid submitted was Rs.8,000 crore for the redevelopment of New Delhi Railway station, which was higher than the estimated value of Rs. 5,000 crores by the government.
Following the National Monetisation Pipeline (NMP), station redevelopment comes under the front-runner asset classes contributing approximately Rs. 76,250 crores for nearly 5% of the total stations in the country.
