Realty majors to revamp Railway Stations

Indian as well as international realty majors are looking to join hands for revamping major railway stations across the nation, reported a leading business daily quoting railway officials.

MUMBAI: Indian as well as international realty majors are looking to join hands for revamping major railway stations across the nation, reported a leading business daily quoting railway officials.

The major railway stations to be redeveloped are New Delhi, Howrah, Chennai Central, Pune, Amritsar, Jammu, Bikaner, Jamshedpur and Kochi. In Mumbai, three railway stations — Lokmanya Tilak Terminus, Borivali, Thane and Mumbai Central.

According to the Railway official, these 23 railway stations will be redeveloped in the first phase, and the bidding process will commence in August and the contracts will be awarded in early 2018.

The Union Railway Ministry is likely to employ the Swiss Challenge method to obtain the best deals from the developers. Over a period, 400 railway stations will be revamped across the country using this method.

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