About 20 companies participate in New Delhi railway station's first pre-bid meeting.
About 20 companies participate in New Delhi railway station's first pre-bid meeting.
Adani, GMR, JKB infra, Arabian construction company, The Société Nationale des Chemin de fer français (SCNF) and Anchorage are among the domestic and international companies in the race to redevelop New Delhi railway station, with an estimated capital expenditure of Rs 6500 crore.
Rail Land Development Authority (RLDA) has planned a mix of retail, office, and hospitality developments in a 30-acre area near Connaught Place which will help Indian Railways in redeveloping the New Delhi railway station.
Connaught Place, one of the most expensive retail and office destinations of the country will add 2.5 million sq ft of commercial real estate as part of the redevelopment.
The concessionaire will earn revenues from several components— passenger handling fees collected, ticket sales — and revenues from passenger facilities within the station such as retail areas, lounges, parking, advertisement spaces
Apart from that revenues will come in from the development and commercial real estate leasing.
The developer is expected to give an annual concession fee (ACF) to the authority along with a fixed upfront premium.
The New Delhi station handles about 4.5 lakh passengers daily (approximately 160 -170 million passengers annually).
The station handles 400 trains per day which are expected to further increase.
According to the plans, the station will be integrated with DMRC yellow line, airport express line, and with the Connaught Place the outer circle through a pedestrian boulevard.
The project would be developed on a Design-Build Finance Operate Transfer (DBFOT) model for a concession period of 60 years.
The phased redevelopment in four years involves station redevelopment, development of associated infrastructure, up-gradation of social infrastructure as well as the refurbishment of railway offices and railway quarters.
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02-2026
