RAILWAYS

Adani, GMR among 7 in fray for Lucknow railway station makeover plan

Seven companies, including Adani Railways Transport, GMR Enterprises, ISQ Asia Infrastructure Investments and Kalpataru Power Transmission have emerged as prospective bidders for redevelopment of the Charbagh railway station in Lucknow.

GR Infaprojects, Megha Engineering & Infra and Welspun Enterprise are the other bidders who have participated in the RfQ floated by the Rail Land Development Authority (RLDA) on 15th March 2021. The last date for submission of applications was 24th June 2021. After the bidders are shortlisted, RLDA will float an RFP (Request for Proposal) for the selected bidders.

The station will be redeveloped on a Design-Build-Operate-Finance-Transfer (DBFOT) model in two phases at a total cost of Rs 556.8 crore.

The redevelopment of the Lucknow Charbagh railway station is part of the Indian Railways’ station redevelopment project, which will include the complete development and redevelopment of the Lucknow (NR) and the Lucknow Junction (NER) stations, along with the commercial land parcel of 12.23-acre.

The redevelopment encompasses two components — the station redevelopment and the development of the surrounding railway land for pre-approved commercial and residential development. While the cost of phase 1 redevelopment is estimated at Rs 442.5 crore over three years, phase 2 is expected to incur a cost of Rs 114.3 crore over two years.

“Lucknow is among the fastest-growing cities in North India. The city is home to several manufacturing and processing units and possesses a robust administrative, banking, and financial network of institutions.

Source
financial express
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