RAILWAYS

Railways’ 1st redeveloped station to be inaugurated by PM Modi

Gandhinagar Capital railway station, the country’s first redeveloped station in line with the Narendra Modi government’s plan to modernise railway stations through Public Private Partnerships, will be inaugurated by the Prime Minister on July 16.

“The Station has been provided with world class amenities, at par with modern airports. Special care has been taken to make it a Divyang friendly station… with a special ticket booking counter, ramps, lifts, dedicated parking space etc. The complete building is designed and provided with Green Building rating features. The state-of-the-art external façade will have daily theme based lighting with 32 themes. The station will also house a five star hotel,” the PMO said in a statement on Wednesday.

Station redevelopment is planned by leveraging real estate potential of separable land and air space in and around the stations, through private participation. These redeveloped hubs will be called Railopolis.

For the Gandhinagar Capital station, a joint venture special purpose vehicle (SPV) namely Gandhinagar Railway and Urban Development (GARUD) was formed with equity contribution of government of Gujarat (GoG) and Indian Railway Stations Development Corporation Limited (IRSDC) in the ratio of 74:26 respectively.

Source
Hindustan times
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