Coimbatore and Vijayawada stations may be among the first to be taken up for redevelopment in PPP mode.This time, 15 stations are on the agenda for modernisation through PPP. These include railway stations of Tambaram, Anand Vihar Dadar, Kalyan, Andheri and Pune. The Bangalore City, Vadodara, Bhopal, Chennai Central, Delhi, Hazrat Nizamuddin, and Avadi stations are also on the list.
Coimbatore:According to officials, the Indian Railways would use a combination of public-private partnership (PPP) and engineering, procurement, and construction (EPC) models for station modernization. Coimbatore and Vijayawada stations may be among the first to be refurbished in PPP method, while New Delhi and CST will be among those redeveloped in EPC mode, they said.
"We hope to start bidding on Coimbatore and Vijayawada stations under PPP soon." "The plan is nearing completion," a senior government official told ET on condition of anonymity, adding that clearance from the Public Private Partnership Appraisal Committee (PPPAC) for the development of these stations will be sought within the next two months.
The government had switched its focus to EPC mode some time ago because of the lack of private interest.
This time, 15 stations will be modernised under PPP. These include Tambaram, Anand Vihar Dadar, Kalyan, Andheri, and Pune railway stations. There are also stations at Bangalore City, Vadodara, Bhopal, Chennai Central, Delhi, Hazrat Nizamuddin, and Avadi.
The move comes at a time when the Railway Board has called off bids for redeveloping the New Delhi Railway Station (NDLS) in EPC mode. Earlier attempts to develop the station in PPP mode had failed.
We have gone back to the drawing board for NDLS and are open to all options," said a senior railways ministry official, who did not wish to be identified, adding that changing the design of the station to lower costs and seeking more funds from the exchequer are on the table as well.
Station rehabilitation is one of the front-runner asset classes in the National Monetisation Pipeline (NMP), providing over Rs 76,250 million. According to the NMP document, the number of railway station assets assessed for monetisation accounts for around 5% of the total stations in the country.
"We hope to start bidding on Coimbatore and Vijayawada stations under PPP soon." "The plan is nearing completion," a senior government official told ET on condition of anonymity, adding that clearance from the Public Private Partnership Appraisal Committee (PPPAC) for the development of these stations will be sought within the next two months.
The government had switched its focus to EPC mode some time ago because of the lack of private interest.
This time, 15 stations will be modernised under PPP. These include Tambaram, Anand Vihar Dadar, Kalyan, Andheri, and Pune railway stations. There are also stations at Bangalore City, Vadodara, Bhopal, Chennai Central, Delhi, Hazrat Nizamuddin, and Avadi.
The move comes at a time when the Railway Board has called off bids for redeveloping the New Delhi Railway Station (NDLS) in EPC mode. Earlier attempts to develop the station in PPP mode had failed.
We have gone back to the drawing board for NDLS and are open to all options," said a senior railways ministry official, who did not wish to be identified, adding that changing the design of the station to lower costs and seeking more funds from the exchequer are on the table as well.
Station rehabilitation is one of the front-runner asset classes in the National Monetisation Pipeline (NMP), providing over Rs 76,250 million. According to the NMP document, the number of railway station assets assessed for monetisation accounts for around 5% of the total stations in the country.