Surat Railway Station To Get Worth Rs 4,650 Crore Makeover Under Ministry of Railways “Station Redevelopment” Plan

Surat Railway Station To Get Worth Rs 4,650 Crore Makeover Under Ministry of Railways “Station Redevelopment” Plan

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Date of Post: 23 Oct, 2017

Surat: Surat Railway Station is likely to get worth Rs 4,650 crore makeover under Ministry of Railways “Station Redevelopment” plan.

The redeveloped station is intended as a multi-model transport hub, with train, commuter rail & bus connectivity.

The mega project is likely to be commissioned by December 2018.

The Redeveloped Stations Will Provide Amenities Like-

  • Digital signage
  • Escalators
  • Self-ticketing counters
  • Executive lounges
  • Restaurants
  • Malls
  • Theatres
  • Wi-Fi

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Redevelopment Plan Soon

  • An official said,“The redevelopment plan will be announced soon. We are expecting an expense of Rs 1 crore a sq ft. The money will be put in by the government.”
  • Around Rs 650 crore (approx US$ 100 Million) would be spend on station redevelopment, while Rs 4,000 crore (approx US$ 615 Million) would be to develop a commercial complex connected to the multi-modal transport hub.
  • The official said,“A joint venture for undertaking the project will be formed soon.”
  • Railways is likely to form a joint venture for this with the state government & local bodies, the area to be developed on a revenue-sharing model.
  • Last year, a MoU (Memorandum of Understanding) was signed between Ministry of Railways, Gujarat State Road Transport Corporation & Surat Municipal Corporation in this regard.
  • The plan is for the railways to hold 63% stake in the project, the state government around 34% and the remaining 3% by the local body.

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The Project May Change The Face Of Surat

  • The official said,“This is going to change the face of Surat; we want to make it (the station) one of the largest in Asia. The 140-metre building will be the tallest in the city. A 300-room five-star hotel will be attached to it.”
  • For the hotel, operational rights have already been given to the Leela group.
  • The Railway Board had reviewed its redevelopment policy after tepid responses from companies for the 23 stations put for bidding in February 2017.
  • On an average redevelopment of a station is expected to cost Rs 400 crore (approx US$ 61.5 Million); major ones as in Delhi & Mumbai could see investment up to Rs 15,000 crore (approx US$ 2307.6 Million).

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