Multiple Infrastructure Firms in Discussion For Redevelopment Of Pune Railway Station

Multiple Infrastructure Firms in Discussion For Redevelopment Of Pune Railway Station

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Date of Post : 14 Aug, 2017

Pune: 6 National & Overseas infrastructure firms are vying to get the contract for redevelopment of the Pune railway station under the ‘Swiss Challenge’ model, the decision on which will be declared in a few months, said officials.

Several bidders have approached the officials in the Pune Division & the Railway Board for the contract.

Ernst & Young, which is appointed as an advisory firm, is in touch with the prospective bidders.

More Information:

  • The estimated cost of redevelopment of Pune railway station is 200 crore (approx US$ 31.25 Million).
  • The phase-II of a mega modernisation programme is slated to kick off later this month.
  • A senior official in Pune Division said,“The project is getting good response from the infrastructure firms. As many as six companies have approached us, in Pune and Delhi. Most of the work is being handled from Delhi. We have a liasoning officer in Pune too.”
  • Officials said,“Under the project, real estate development of land and air space belonging to the railways will be done. The private partner can exploit the space for commercial purposes. Redevelopment is on ‘as is where is’, through open invitation from interested parties with their designs and ideas.”

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