New Delhi station revamp is expected to attract foreign investors from Spain, Dubai, Australia
New Delhi Station Redevelopment: The New Delhi railway station, in the heart of the national capital, is being redeveloped on the basis of public-private partnership (PPP) mode, for which the request for quotation (RFQ) bids are open. The Rail Land Development Authority (RLDA), the organisation responsible for executing the revamp project, invited the bids which witnessed participation from global and national companies. According to RLDA, nine global and national leading companies, including Arabian Construction Company, Adani Railways Transport Limited, BIF IV India Infrastructure Holding (DIFC) Private Limited, ISQ Asia Infrastructure Investments Pte. Limited, Anchorage Infrastructure Investments Holdings Limited, Kalpataru Power Transmission Limited, GMR Highways Limited, Omaxe Limited, and Elpis Ventures Private Limited participated in the RFQ stage. (Also Read: New Delhi Station Redevelopment To Attract Foreign Investors: All You Need To Know )
Rail Land Development Authority added that these companies will undergo technical evaluation. In the next stage the organisation will float the request for proposal (RFP) for the selected participants who get qualified in the technical process. New Delhi railway station redevelopment project will be first project to be undertaken on the transit-oriented development (TOD) concept in the national capital region. (Also Read: All You Need To Know About New Delhi Railway Station Redevelopment Project )
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New Delhi Station Redevelopment Project – Top Features:
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Capital Expenditure, Timeline: The project will incur a capital expenditure of around $ 680 million and will be developed on the design-build finance operate transfer (DBFOT) model. The project offers multiple revenue streams to the developer, including revenue from real estate rights, and is slated to be completed in around four years. The concession period is for 60 years.
New Infrastructural Facilities: The station will be redeveloped into a world-class station with dome-shaped terminal buildings, having arrival and departure points at the concourse level. It will have two multi-modal transport hubs (MMTH) on every side, 40-floor high-rise twin towers, and a pedestrian boulevard with high-street shopping facilities. Pedestrian movement, cycle tracks, green tracks, and non-motorized vehicles have also been integrated into the proposed development plan.
Multi-Modal Transport Integration: The railway station will be redeveloped to ensure multi-modal transport integration. It is connected to the Indira Gandhi International (IGI) airport through the Delhi Metro Airport Express Line and with Delhi NCR through Delhi Metro Yellow Line. Delhi Transport Corporation (DTC) bus stops lie on both sides of the railway station.
Rail Land Development Authority is a statutory body under the Railway Ministry, for the development of vacant railway land. As part of its key mandates, it works on easing of commercial sites, colony redevelopment, station redevelopment, as well as commercial development.
