IRSDC to revamp four stations into airport-like hubs
Thet are the first to be approved by the Public Private Partnership Appraisal Committee
The Indian Railway Stations Development Corporation (IRSDC), under the Railway Ministry, is all set to transform four railway stations, namely Gwalior, Amritsar, Nagpur and Sabarmati into airport-like hubs.
In December 2019, IRSDC, a joint venture company of RLDA and IRCON, had invited request for qualification (RfQs) for redevelopment of these four railway stations.
The renovation works of several railway stations across the country are being undertaken under the Railway Ministry’s station beautification and redevelopment plan.
The above four railway station redevelopment projects are the first to be approved by the Public Private Partnership Appraisal Committee, formed by the Indian government for PPP projects.
For approval of the master plan as well as building plans, IRSDC will be a single window in consultation with local authorities.
The last date for submitting the bids is 26 June 2020. The RfQs of the railway stations are based on user charge as well as mixed use land monetisation.
The investment opportunity is planned on design, build, finance, operate and transfer (DBFOT) model with 60 years of concession period for station development and station estate development.
However, for residential and city side development, the concession period has been set at 99 years.