To speed up the first phase redevelopment of 42 railways stations under the Rs 1 trillion programme, the government has now adopted a cluster approach by making five public sector companies in charge of each cluster.
The companies include RITES, Mecon, National Project Construction Corporation (NPCC), Engineering Projects (India) (EPIL) and Bridge and Roof Company (India) (B&R).
“These companies are in the process of finalising consultants. The stations are pooled in such a way that both land area and potential footfall are equally balanced,” said a person close to the development.
This approach is vital for completion of the station redevelopment programme as the project saw a lukewarm response from real estate players in previous tenders. Read More
Latest posts by Business-Standard.com (see all)
- Oil PSUs profitability to take a hit if fuel price revision stops: Moody’s - March 26, 2019
- Captive coal mines overshoot target, total production up 8% - March 25, 2019
- UChicago, Tata Centre tie-up to rate India’s most polluting industries - March 25, 2019