Key Facts:-
Station Redevelopment Programme is the biggest non-fare revenue generating programme being undertaken by Indian Railways.
Financial Model of the programme: It will be executed in a public-private-partnership (PPP) model through a fair bidding system.
Government will not incur any expenditure as the developer will be rebuilding the railway stations and maintaining it for 15 years.
In return, the developer would be granted 45 years’ leasing rights for the commercial properties developed at these stations.
These properties could be hotels, malls, hospitals, among others.
Selection Process: These stations will be awarded to private developers under the so-called Swiss challenge method. It involves inviting proposal online and allowing rival bidders to beat that proposal.
Amenities at Revamped stations: escalators, elevators, digital signage, self-ticketing counters, executive lounges, walkways, luggage screening machines, free and paid WiFi, etc.
No comments:
Post a Comment