RLDA to take up redevelopment of 40 railway stations by 2021-22
RAILWAYS & METRO RAIL

RLDA to take up redevelopment of 40 railway stations by 2021-22

As many as 40 railway stations are targeted to be taken up for redevelopment purposes in 2021-22, and another 120 stations in 2022-23, Ved Parkash Dudeja, Vice Chairman, Rail Land Development Authority (RLDA), told the media.

National monetisation pipeline of the Rs 6,00,000 crore introduced by the centre involves 400 stations; the place funding of Rs 76,000 crore is expected, said Dudeja.

The Ministry of Railways, RLDA, and Indian Railway Stations Development Corporation (IRSDC) held a session with various stakeholders about the model concession agreement (MCA) finalisation for station development using the public-private partnership (PPP) model.

The concerns of various stakeholders need to be addressed, to make the program a success. To have a smooth execution of this program, the ministry has shared the draft MCA and held this webinar for effective participation of the stakeholders in the process, said Dudeja.

Those who attended the webinar involved Bharti Realty Limited, I-Squared capital, Anchorage Infrastructure Investments Holdings Limited, Brookfield Global Asset Management, Adani Infra, and many more.

For the redevelopment of railway stations, private corporations bidding will get compensation if the railways delay the cost of station extension charge by higher than every week.

The Ministry of Railways has given a draft guideline for the builders chosen for the railway station redevelopment, the place the builders may even supply rebate in case the railway makes the price within three days of the deadline.

Image Source


Also read: RLDA to redevelop 49 more railway stations as part of the Smart Cities project

As many as 40 railway stations are targeted to be taken up for redevelopment purposes in 2021-22, and another 120 stations in 2022-23, Ved Parkash Dudeja, Vice Chairman, Rail Land Development Authority (RLDA), told the media. National monetisation pipeline of the Rs 6,00,000 crore introduced by the centre involves 400 stations; the place funding of Rs 76,000 crore is expected, said Dudeja. The Ministry of Railways, RLDA, and Indian Railway Stations Development Corporation (IRSDC) held a session with various stakeholders about the model concession agreement (MCA) finalisation for station development using the public-private partnership (PPP) model. The concerns of various stakeholders need to be addressed, to make the program a success. To have a smooth execution of this program, the ministry has shared the draft MCA and held this webinar for effective participation of the stakeholders in the process, said Dudeja. Those who attended the webinar involved Bharti Realty Limited, I-Squared capital, Anchorage Infrastructure Investments Holdings Limited, Brookfield Global Asset Management, Adani Infra, and many more. For the redevelopment of railway stations, private corporations bidding will get compensation if the railways delay the cost of station extension charge by higher than every week. The Ministry of Railways has given a draft guideline for the builders chosen for the railway station redevelopment, the place the builders may even supply rebate in case the railway makes the price within three days of the deadline. Image Source Also read: RLDA to redevelop 49 more railway stations as part of the Smart Cities project

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code