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
Latest posts by The Economic Times (see all)
- Japan In Driver’s Seat For Indian Bullet Train Deals – January 18, 2018
- EESL Invites Bid For 2,000 Electric Vehicle Chargers For Phase II – January 18, 2018
- Chopper Crash Brings Maintenance, Infrastructure, Training Issues Back To The Fore – January 18, 2018