Railway station redevelopment offers Rs 30,000 crore opportunity for EPC companies
18 hours, 3 minutes ago

Railway station redevelopment offers Rs 30,000 crore opportunity for EPC companies

New Indian Express  

MUMBAI: EPC or engineering, procurement and construction entities companies are awaiting a Rs 30,000-crore business opportunities from the various contracts coming up to redevelop/revamp the existing railway stations over the next two years alone. The Railways have approved redevelopment/revamp of as many as 1,318 railway stations and according to an Icra Ratings report this is worth Rs 30,000 crore of business opportunities for EPC players over the next two years. Earlier, the government had envisaged majority of the station redevelopment projects under the public-private-partnership mode, which accounted for around 12 per cent for the national asset monetisation pipeline target. However, with limited participation in the PPP mode owing to restrictions on pricing, market risks related to real estate development and limited track record of PPP projects in the railways space, the government reallocated station redevelopment work on the EPC mode in December 2022 and has increased the budgetary allocation by more than seven times from Rs 2,159 crore in FY23 to Rs 15,511 crore in FY25.

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History of this topic

India Govt to Spend ₹30K Crore on Rail Revamp
5 days, 6 hours ago

India Govt to Spend ₹30K Crore on Rail Revamp

Deccan Chronicle  

Chennai: The government is expected to spend more than Rs 30,000 crore on railway station redevelopment over the next two years. Of these, the estimated cost of redevelopment of major stations under the Rail Land Development Authority phase I is likely to be around Rs 17,000 crore. A total of 1318 stations are being considered for redevelopment under the Amrit …

Railway ministry drops proposal for monetisation of stations on PPP mode
2 years ago

Railway ministry drops proposal for monetisation of stations on PPP mode

Deccan Chronicle  

New Delhi: The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under engineering, procurement and construction mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite monetisation of other assets, including trains, goodsheds, hill rail, stadiums, railway …

Railway ministry drops proposal for monetisation of stations on public-private partnership mode
2 years ago

Railway ministry drops proposal for monetisation of stations on public-private partnership mode

India TV News  

The ministry of railways has dropped its proposal for monetisation of stations in a public-private partnership mode, and projects are now being taken up under engineering, procurement and construction mode, a source said. The source also told PTI that the ministry of railways has been asked to expedite the monetisation of other assets, including trains, good sheds, hill rail, stadiums, …

Railways to bid out 16 stations via PPP route for redevelopment purposes
2 years, 2 months ago

Railways to bid out 16 stations via PPP route for redevelopment purposes

Hindustan Times  

The railways will bid out 16 stations, including the Anand Vihar Terminal, under the public private partnership model for redevelopment purposes with a tender being floated over the next two months, sources said on Friday. Railway Minister Ashwini Vaishnaw at a press briefing earlier this month had said that the designs of the redeveloped stations will include a spacious roof …

Centre approves ₹10,000-crore plan to modernise three major railway stations
2 years, 2 months ago

Centre approves ₹10,000-crore plan to modernise three major railway stations

Live Mint  

The Union Cabinet on 28 September approved the Indian Railways’ proposal for the re-development of three major railway stations -- New Delhi, Ahmedabad and Mumbai's CSMT. Address the press in the national capital, Union Railways Minister said, "Cabinet approves the Indian Railways’ proposal for redevelopment of three major railway stations - New Delhi Railway Stn., Ahmedabad Railway Stn. The Minister …

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