India's largest and second busiest railway station, New Delhi will be going through a process of redevelopment. Rail Land Development Authority (RLDA) and Indian Railway Station Development Corporation (IRSDC) has invited bids from the private companies.
New Delhi Railway station handles around 400 trains and 4.5 lakh passengers per day. This is expected to further grow to a higher scale.
RLDA has invited bids from private players to redevelop New Delhi railway station into an integrated commercial, retail and hospitality hub.
A pre-bidding meeting was held in which firms like GMR, Adani, GMR, JKB Infra, Arabian Construction Company, Anchorage Infrastructure participated and expressed their interest in the project.
The project will position the New Delhi Railway station as a multi-model hub through up-gradation of the infrastructure and provision of state of the art amenities such as elevated concourse, multi-level car parking, and many amenities for passangers.
Investors and developers from countries including Singapore, Australia, UAE, Spain will participate in the process.
The project would be based on a Design-Build Finance Operate Transfer (DBFOT) model for a lease of 60 years. The estimated capital expenditure for this project is approximately 680 million US dollars and is expected to complete in the span of four years.
The phased redevelopment would involve station redevelopment, development of associated infrastructure, up-gradation of social infrastructure and refurbishment of railway offices and quarters.