In what comes as good news for those who have bemoaned the condition of railway stations in India, a recent review meeting on infrastructure projects saw the Prime Minister’s Office directing the Indian Railways to expedite the targets for the station redevelopment programme for fiscal 2017-18. Being one of the flagship programmes of the National Democratic Alliance, the Narendra Modi government is keen to present a sprucer face on this front when it goes to the polls in 2019.
The 23 railway stations for which expressions of interest (EoIs) have been sought so far have evoked interest from Blackstone, the Canadian Pension Fund, a Malaysian consortium and Chinese funds, among others. Reputed builders such as Tata Realty and Infrastructure, Essel Infra, IL&FS, GMR, Raheja, Prestige and Brigade are already working to submit bids for the purpose. Read More…
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