The Rail Land Development Authority (RLDA), which in February received requests for qualification from nine companies including Adani Railways Transport, the GMR Group, Arabian Construction Co, Anchorage Infrastructure and Kalpataru Power Transmission has found all of them eligible to bid for the New Delhi railway station redevelopment project, entailing an estimated capital expenditure of Rs 6,500 crore, an RLDA official said.
Omaxe, BIF IV India Infrastructure Holding, ISQ Asia Infrastructure Investments and Elpis Ventures are the other companies that have been cleared for the bidding process. Due to the pandemic, the authority has undertaken all the pre-bid meetings online. It has also conducted virtual road shows to attract investors and ensured that the project execution doesn’t suffer due to Covid-19.
New Delhi Railway Station Redevelopment is a flagship project of the RLDA, and the first to be undertaken on the Transit-Oriented Development (TOD) concept in Delhi-NCR. It will be developed on a 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.
As part of this project, the New Delhi railway station will be redeveloped into a world-class station in line with global standards with dome-shaped terminal buildings and two arrival and departure areas at the concourse level. It will also have two multi-modal transport hubs on every side, 40-floor high-rise twin towers (with hotel/offices and retail at podium) and pedestrian boulevard with high-street shopping outlets.
Pedestrian movement, cycle tracks, and green tracks have been integrated into the proposed development plan as well.
The station will be connected to the IGI Airport through the Airport Express Metro Line and with Delhi-NCR via the Yellow Line of Delhi Metro. DTC bus stops lie on both sides of the station. It has a master plan area of 120 hectares, out of which 88 hectares is being planned in phase 1 of the project.
RLDA is the approving authority for the Master Plan. To expedite the approvals and clearances, an Apex Committee under the chairmanship of the Lieutenant Governor of Delhi has also been constituted. The authority is currently working on 62 stations in a phased manner while its subsidiary, IRSDC has taken up another 61 stations.
In the first phase, RLDA has prioritised prominent stations like New Delhi, Tirupati, Dehradun, Nellore, and Puducherry for redevelopment.