The Union Cabinet chaired by the Prime Minister, Narendra Modi, gave its approval for redevelopment of railway stations on an ´as is where is´ basis, through open invitation from interested parties with their designs and business ideas.
´A-1´ and ´A´ category stations (about 400) shall be offered for redevelopment by inviting open bids from interested parties. These stations are to be developed by leveraging real estate development of land and air space in and around the stations. This approval will enable the Ministry of Railways to accelerate the redevelopment of ´A-1´ and ´A´ category stations.
Leave a Reply
You must be logged in to post a comment.