Logistics

23 railway stations to be brought under Redevelopment Project

V Rishi Kumar Hyderabad | Updated on January 12, 2018

Railway Minister Suresh Prabhu

Swiss Challenge model for selection of developers

The Secunderabad and Vijayawada railway stations are among 23 stations to be taken up under the Station Redevelopment Plan of the Indian Railways.

The project, considered to be amongst the largest to be taken up, is the brainchild of Prime Minister Narendra Modi.

Railway Minister Suresh Prabhakar Prabhu is set to launch the project in New Delhi on February 8.

The Station Redevelopment Project is being taken up under the Swiss Challenge method, which involves inviting a proposal online and permitting rival bidders to beat that proposal with a more attractive one.

In the first phase, 23 railway stations have been selected for the project which aims to make best use of the assets of the stations. Of over 8,000 stations in the system, over 400 have been selected for the redevelopment programme based on the revenue generated by them.

The project envisages an infrastructure revamp at the stations including the platforms and the circulating areas, to be undertaken by the chosen developer.

Commercial establishments including hotels, multiplexes and shopping malls are proposed to be built on the land earmarked by the Railways for use by the developer. The developer will hold the rights for commercial exploitation of the land for a period of 45 years, while ownership of the land would remain with the Railways.

While the Secunderabad Railway Station was inaugurated in 1874, Vijayawada Railway Station was built in 1888.

Published on February 06, 2017

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