Govt turns to PSBs to fast track redevelopment of railway stations


Govt turns to PSBs to fast track redevelopment of railway stations

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

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