Green light for rail station development

Our Bureau New Delhi | Updated on January 18, 2018 Published on July 29, 2016

Firms want share in platform ticket sales revenue

Some developers want revenue streams from sale of platform tickets and parking fee, as the Indian Railways looks to develop stations.

However, the transfer of such rights would depend upon the outcome of station-specific feasibility studies.

This would be done on a case-by-case basis, Minister of State for Railways Rajen Gohain said in a written reply in the Rajya Sabha on Friday.

The Railways has advertised its plan to redevelop A-1 and A category stations on ‘as is where is’ basis, by inviting proposals from developers with their designs and business ideas.

Eight identified

In addition, eight stations -- Anand Vihar, Bijwasan, Chandigarh, Gandhinagar, Habibganj (Bhopal), Shivaji Nagar (Pune), SAS Nagar (Mohali) and Surat -- have been entrusted to the Indian Railway Station Development Corporation Ltd (IRSDC) for re-development.

Commercial development

The entire cost of station re-development is to be met by leveraging commercial development of land and air space in and around the stations.

The revenue streams envisaged to be given to developers include, inter alia, revenues from parking, catering, small retails, an official release said.

‘Encouraging response’

During various interactions with the developers, their response was encouraging, the Minister said, adding that the development contract for one station -- Habibganj -- stipulating development of ₹100 crore and commercial development of ₹350 crore has been awarded.

Published on July 29, 2016
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