Nine firms Shortlisted to Redevelop Nagpur, Gwalior, Amritsar & Sabarmati Stations

Indian Railways has shortlisted nine companies for redeveloping four of its stations at Nagpur, Gwalior, Amritsar and Sabarmati as part of its plan of redeveloping railway stations under the public-private partnership (PPP) model.

It has shortlisted the following firms: G R Infraprojects, Kalpataru Power Transmission, GMR Business and Consultancy, Anchorage Infrastructure Investments Holdings, ISQ Asia Infrastructure Investments, Monte Carlo, JKB Infrastructure and Kalyan Toll Infrastructure, Cube Construction Engineering.

“On June 26, 2020 IRSDC opened the RFQ applications of these four railway stations and received overwhelming response from 32 developers and funds despite the current COVID19 scenario,” IRSDC said in a statement.

The total estimated cost for the redevelopment of the four stations is about Rs 1,300 crore. The total built-up area allowed for commercial development is 5.4 million square feet.

Among 29 shortlisted applicants, six qualified for Nagpur, eight for Gwalior, six qualified for Amritsar and nine for Sabarmati.

The stations will also be the first to have provisions for pre-determined user charges on passengers and visitors, as one of the main revenue stream for the concessionaire. The user development fees model will be used by the national transporter for the first time. IRSCD will be leasing the land out for 60 years for commercial purposes and 99 years for residential.