RAILWAYS

Railway plans redevelopment of Puducherry station, monetise nearby land

Indian Railways has planned to monetise 3.8 acre land parcel near the Puducherry Railway Station, in an attempt to generate revenue. The Rail Land Development Authority (RLDA), will conduct an online pre-bid meeting for the redevelopment of Puducherry Railway Station.

The station will be redeveloped with amenities such as provisions for differently-abled, harmonious co-existence of the railway station and real estate projects, green building among others on the Design, Build, Finance, Operate Transfer (DBFOT) model. The cost of the project is estimated at R 44 crore. The tender is scheduled to be awarded by the end of August 2020.

“Puducherry is a renowned tourist destination. Located on Subbaiah Salai (South Boulevard Road), the proposed site is situated in a dense residential and commercial hub. It enjoys proximity to the Puducherry Airport as well as French White Town, which is the major tourist zone of Puducherry,” said Ved Parkash Dudeja, Vice- Chairman, Railway Land Development Authority.

Source
ET News
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