Indian Railways has planned to monetise 3.8 acre land parcel near the Puducherry Railway Station, in an attempt to generate revenue. The Rail Land Development Authority (RLDA), will conduct an online pre-bid meeting for the redevelopment of Puducherry Railway Station.
The station will be redeveloped with amenities such as provisions for differently-abled, harmonious co-existence of the railway station and real estate projects, green building among others on the Design, Build, Finance, Operate Transfer (DBFOT) model. The cost of the project is estimated at Rs 44 crore. The tender is scheduled to be awarded by the end of August 2020.
“Puducherry is a renowned tourist destination. Located on Subbaiah Salai (South Boulevard Road), the proposed site is situated in a dense residential and commercial hub. It enjoys proximity to the Puducherry Airport as well as French White Town, which is the major tourist zone of Puducherry,” said Ved Parkash Dudeja, Vice- Chairman, Railway Land Development Authority.
The selected bidder will be required to undertake the up-gradation and redevelopment of the Puducherry Railway Station, including the commercial development of the surrounding railway land followed by its operation and maintenance. The size of the proposed land parcels are 2 acres (Station Component) and 3.8 acres (Commercial Component).
The concession period for the project under the concession agreement is 60 years which implies that concessionaire must operate and maintain the Railway station buildings and estate for 60 years. The two online pre-bid meetings will be conducted through video conferencing on June 10th and 17th.
RLDA is the nodal agency for the redevelopment of railway stations across the Indian Railway network and the major Project Development Agency. A total of 62 Railway Stations across India will be re-developed by RLDA on a PPP Model as a part of Smart City Projects launched by the Government of India. The entire cost of re-development will be met by leveraging commercial development of spare railway land/airspace in and around the station.