Indian Transport & Logistics

Suresh Prabhu launches first phase of station redevelopment program

Suresh Prabhu launches first phase of station redevelopment program
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Feb 09, 2017: In a bid to transform the face of Indian Railways, Minister of Railways, Suresh Prabhu launched the first phase of the world’s largest Station Redevelopment Program comprising 23 major Railway Stations on Indian Railways network. Minister of State for Social Justice and Empowerment Krishan Pal Gurjar was present to grace the occasion. Railway Board Chairman AK Mital and other members, other distinguished guests were also present to grace the occasion.

Speaking on the occasion, Prabhu said that the Railways has certain advantages out of which one is holding of land on a large scale. He added that the Ministry of Urban Development is collaborating with the Ministry of Railways to develop smart stations. He further said that the project of re-developing 400 A1 and A Category Stations in the country is the biggest non-fare revenue generating programme which will be done on PPP model through a fair bidding system conducted by the respective Zonal Railways. He said that in the first phase, 23 stations will be bid out and redeveloped to the fullest utilization.

The stations have been selected for this phase after detailed feasibility studies carried out by strategic advisors from The Boston Consulting Group, said Mital. He added that Railways’ mission is to redevelop railway stations using the surplus revenue that will be generated from commercial development of spare railway land.

According to PIB’s press statement, Chennai Central, Ranchi, Udaipur City, Indore, Yesvantpur, Bangalore Cantt., Visakhapatnam, Howrah, Kamakhya, Faridabad, Jammu Tawi, Secunderabad, Vijayawada, Kozhikode and Bhopal are some of the stations which would be developed during the first phase. Railways will provide approximately 140 acres of encroachment free land at these stations to the developers on a 45 year lease.

Photo source: India Rail Info
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