21 Railway Stations to Undergo Modernization

July 20, 2007	(Be the first to rate this story!)  Loading ...
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The Railway Board has given its nod to bring commercial development on the spaces available at 21 railways stations in major cities. A number of real estate companies are likely to make a beeline to upgrade, redevelop, and maintain the stations - creating space for the development of commercial ventures in the process.

Reconstruction of the Delhi Railway Station would see the investment of whopping Rs 7,000 crore. The proposed project will fall under the public-private-partnership (PPP). Railways will give a presentation for the same on Saturday at chief secretaries’ conference, which is to be inaugurated by finance minister P Chidambaram.

The 21 railway stations are likely to witness a major facelift with such exclusive developments, says an official while explaining the PPP initiative. All the assets were developed by private real estate firms and will go back to the Railways at the end of the concession period, he adds. The state would support the Railways in its presentation at the chief secretaries’ conference.

The stations which have been chosen to go under major modernization in the first phase include CSTM Mumbai, New Delhi, Chennai, Bangalore, Patna, Anand Vihar (Delhi), Mathura, Amritsar, Agra, Bijwasan (Delhi), Varanasi, Ahmedabad, Bhubaneshwar, Bhopal, Secundrabad, Trivandrum, and Howrah.

The Railways have already started the re-development work of Patna railway station. Request for proposal (RFP) has been initiated from international consultants.

News Published Under:   Real Estate India |

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