Malaysian firms eye Rs 5,000 crore station makeover kitty in 1st big FDI boost for Railways

Malaysian firms eye Rs 5,000 crore station makeover kitty in 1st big FDI boost for Railways

In potentially the first big FDI in railways, Malaysia’s state-owned Construction Industry Development Board (CIDB) will participate in the auction for redevelopment of Udaipur, Howrah, Indore, Secunderabad, Pune and Faridabad railway stations.

The estimated cost of redevelopment of these stations would be Rs 5,000 crore, a top rail ministry official said. CIDB Holding Malaysia has written to the Railway Board, saying it would participate in the ongoing Swiss challenge bidding process of these shortlisted stations on behalf of Malaysian companies. Read more

Credits:economictimes.indiatimes.com

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