RAILWAYS

Indian Railways to redevelop Nellore, Tirupati, CSMT, Baiyyappanahalli stations into world-class hubs; details

Soon, Indian Railways will add more world-class stations to its network! In the coming years, Indian Railways passengers will be able to enjoy airport-like luxury and comfort at stations.

The Indian Railway Stations Development Corporation Limited (IRSDC) is all set to invite bids for Nellore, Dehradun, Tirupati, Puducherry, Udhna Surat, CSMT, New Delhi and Baiyyappanahalli railway stations in the next two months.

“We are in the process of finalising the redevelopment works for several more stations. In the next two months, bids for many more stations will be invited. Two of the big projects are New Delhi railway station and Chhatrapati Shivaji Maharaj Terminus (CSMT) in Mumbai,” VK Yadav, Chairman Railway Board told Financial Express Online.

The railway station projects will be awarded on the basis of Design Build Finance Operate Transfer (DBFOT) for a concession of 60 years. The time period would be 99 years in case the redevelopment involves a residential component as well.

Source
Financial Express
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