Railways launch First Phase of Station Redevelopment programme in which 400 A1 and A stations for redevelopment through PPP will be taken up. The programme is expected to provide approximately 2,200 acres of prime land to Private Developers across the country for Station Redevelopment
NEW DELHI: The Ministry of Railways today launched the first phase of station redevelopment programme covering commercial development of 23 stations across the country, which is expected to see investments worth Rs 9,000 crore.
As part of the programme, Railways will take up 400 A1 and A stations for redevelopment through public private partnership (PPP), which may see at least Rs 1 lakh crore worth of investments. The 23 stations that will be up for bidding in the first phase include Chennai Central, Ranchi, Udaipur, Indore, Yesvantpur, Bangalore Cantonment, Visakhapatnam, Howrah, Kamakhya, Faridabad, Jammu Tawi, Secunderabad, Vijayawada, Kozhikode and Bhopal.
“We have the largest captive audience and hence it has huge commercial value. We are following a transparent process for this. We are also partnering with the ministry of urban development to develop smart stations in identified smart cities ,” said Suresh Prabhu, minister of state for railways. Prabhu added that several pension funds, investors, organisations like world bank and various state governments are also involved in the project.
For the programme, railways had appointed Boston Consulting Group (BCG) as the strategic advisor. Railways will provide approximately 140 acres of land at these stations to the developers on a 45-year lease period. For every zone, railways has appointed a nodal officer to deal with the developers.
The redeveloped stations will provide amenities like digital signage, escalators, self-ticketing counters, executive lounges, restaurants, malls, theaters and even Wi-Fi facility.
As per estimates by the railways, the programme will benefit more than 100 cities and 16 million passengers per day across the country. The programme is expected to provide approximately 2,200 acres of prime land to private developers across the country.
“This is going to be the largest transit oriented programme ever executed in the country,” said A K Mittal, chairman of railway board. This is expected to generate a surplus revenue of about Rs 10,000 crore to the railways on an annual basis.
Kamakhya among 400 Railway Stations to be redeveloped
The project for re-development of the Kamakhya Railway Station will be launched on February 8.
NF Railway Chief Public Relations Officer Pranav Jyoti Sharma said the Indian Railways is planning to kick-start its ambitious programme to re-develop 400 key stations in the country. This includes 22 stations in the Northeast Frontier Railway (NFR) zone.
“To take the scheme further in a planned fashion, Indian Railways has carried out detailed assessment involving renowned consultants and has taken market feedback. Based on this, Indian Railways has prioritised about 23 stations in the pipeline for Phase I. Kamakhya Station of NFR is also included in the first phase,” Sharma said.
Phase I of the re-development programme will be launched on February 8 by Minister of Railways Suresh Prabhu in a centralised manner in New Delhi.
The launch will be held simultaneously across the 23 stations, including Kamakhya, by video conferencing.
“Bid documents for technical cum financial offer would be available immediately after the launch,” Sharma said. He said the re-developed stations would provide amenities and services to the passengers in line with world-class railway stations.
“The stations will be re-developed through public-private-partnership (PPP) model without straining Railways’ finances. The re-developed stations will improve passenger experience by providing amenities like digital signage, escalators and elevators, self-ticketing counters, executive lounges, luggage screening machines, walkways, holding areas for passengers, grand and distinctive roofing and flooring, free and paid Wi-Fi, etc,” he said.
Sharma added, “The Railway Board has devised an innovative plan to provide these amenities through PPP model by leveraging the real estate available at the railway stations. Commercial potential of vacant railway land at or near stations, which will be given for a lease period of 45 years, will be leveraged to develop world-class stations with no additional funding required from the Railways. The programme will also generate surplus for the Indian Railways which can be invested in other modernisation projects.”
Bidding for railway station redevelopment project begins on various Divisions
Railway Minister Suresh Prabhakar Prabhu formally launched the Station Re-development Project (SRP) for 23 railway stations, to be taken up in the first phase, from New Delhi on Wednesday evening.
Visakhapatnam Railway Station (East Coast Railway) and Vijayawada Railway Station (South Central Railway) are among the stations on East Coast Railway and South Central Railway selected for redevelopment in the first phase.
Addressing the stakeholders through video conference, the Railway Minister said the multi-pronged strategy was to provide amenities to passengers through private participation. The vacant railway land available around the stations would be leased to successful bidders for a 45-year lease to exploit them commercially.
The surplus generated from the commercial potential would be used to fund modernisation of railway stations, without any additional funding from the railways.
The Railway Minister said joint ventures could also be formed with various State governments for railway infrastructure development. He said the bidding for the SRP projects would be transparent and all details would be available on the railway website.
Presiding over the stakeholders meet here, Divisional Railway Manager Chandralekha Mukherjee said two parcels of encroachment-free land – one 15,400 sq. m. and the other 3,600 sq.m – was available on the Gnanapuram-side of Visakhapatnam Railway Station. The successful bidder would have to pay a nominal lease rent to the railways.
GVMC Commissioner M. Harinarayanan said land parcels available to prospective bidders were on the important Pendurthy Transit Corridor of Bus Rapid Transit System.
The tenders for SRP are open from Wednesday (Feb 8). The last date for filing of tenders is May 24. Invitation and other documents can be downloaded from the website http://www.indianrailways.gov.in.
Five railway train stations to get redeveloped in Mumbai. These stations include Mumbai Central, Bandra Terminus, Borivali, Thane, Kurla Terminus stations.
Indian Railways has kickstarted the first phase of the process for redevelopment of 20 railway stations, including 5 stations of Mumbai – three on the Western Railway and two on Central Railway. Minister for Railways Suresh Prabhu launched the plan through video conferencing from New Delhi on Wednesday.
In all, four stations of Western Railway are on the cards to be redeveloped, of which three are in Mumbai, i.e Mumbai Central, Bandra Terminus & Borivali stations and the last being Indore of Ratlam division.
On the Central Railway, the stations chosen are Kurla Terminus, Thane and Pune. The indicative project cost for redevelopment of Indore station is Rs 75 crore, while the vacant land available for commercial exploitation and relocation at Indore station is 32375 sqm.
Under the project, Indian Railways have planned to modernise 400 railway stations throughout the country and equip them with state-of-the-art facilities and swanky world-class amenities. The project broadly includes redevelopment of railway stations by commercially exploiting the encumbrance free land and airspace at each station. Stations will be developed as per international standards, providing comfort and convenience to passengers and other stakeholders. The redevelopment of stations will primarily consist of upgrading the level of passenger amenities by new constructions / renovations and include redevelopment of station buildings, platform surfaces, circulating area, etc. to better serve the needs of the passengers. These stations will be made under the public–private partnership model and be on the Swiss challenge method in executing the project.