9 Countries Shows Interest in Indian Railways Station Redevelopment Programme

9 Countries Shows Interest in Indian Railways Station Redevelopment Programme

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Date of Post : 05 July, 2017

Indian Railways Ambitious Project i.e. Station Redevelopment Programme attracts nine countries. The countries being:

  • South Korea
  • Germany
  • UK
  • France
  • Malaysia
  • China
  • Singapore
  • Canada
  • Belgium

These are the nine countries which have shown interest in joining the Indian Railways’ ambitious station redevelopment programme across the country.

Further Information:

  • Railways have earmarked about 400-plus major stations for redevelopment to provide world-class passenger amenities involving investment of more than Rs 1 lakh crore in PPP model.
  • The redevelopment of stations envisage commercial exploitation of vacant land and air space in and around stations.
  • There would be malls, hotels, multiplex, parking lots, eateries and other business activities on rail premises and at the same time many passenger-related facilities at stations would be upgraded.
  • The financial model for redevelopment work across stations has been devised in a way that the government doesn’t incur any expenditure as the developer would be rebuilding the railway stations and maintaining it for 15 years.
  • In return, the developer would be granted 45 years’ leasing rights for the commercial properties developed at these stations.

Countries Shown Interest:

  • China is keen to develop Jhansi and Agra stations.
  • South Korea has expressed interest in making New Delhi station a world class station.
  • France has agreed to redevelop Ludhiana and Ambala stations on Delhi-Chandigarh route.
  • Canada has shown interest in upgrading a few stations in Mumbai
  • Malaysia is keen to develop Howrah, Secunderabad, Udaipur, Faridabad, Indore and Pune stations.

About The Cost of Station Redevelopment:

  • The entire cost of station redevelopment is to be met by leveraging commercial development of vacant separable land and air space in and around the station.
  • Railways have finalised plans for investment of at least Rs 8 lakh crore in the next five years to modernise the public transporter which still moved the bulk of the output from coal pits, cement silos, and steel factories.
  • Railways have earmarked Rs 1.31 lakh crore for capital expenditure in the current financial year.

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2 Comments on "9 Countries Shows Interest in Indian Railways Station Redevelopment Programme"

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K Vijay kumar
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Good that Railways have come up a very ambitious and potential projects/concept

Singh
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The private companies should only be allowed to bid. The foreign government companies should not be allowed as it has more potential to spoil intergovernmental relations. If project fails. We should look 8n to why only one country is interested at one station. Hope there is no cartel. The conutries should have been competing with each other. Secondly wirh foreign party no joint venture of indian should be allowed. If so no money will actually come. I din partner should not hold more than 20 percent say for upkeep activities.

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