Railways station redevelopment drive: Public sector giant to hold road shows abroad to attract investors

Railways station redevelopment drive: Public sector giant to hold road shows abroad to attract investors

Enthused by the response received from overseas developers for the station redevelopment programme, the Indian Railways will hold roadshows abroad to showcase the financial robustness of the scheme and attract more investors. “The railway minister has asked us to do roadshows abroad. We have to decide the nations we should visit,” said an official from the ministry of railways requesting anonymity.

The Indian Railways is aggressively pursuing redevelopment of 400-plus stations across the country, providing world-class passenger amenities. The plan will be executed by leasing out railway land to private developers for a period of 45 years, and in turn developers will commercialise the land parcels, redevelop stations and maintain them for 15 years. At present, the national carrier has put out a list of 23 stations for bidding. Read More…

 

 

 

Credit By: Financial Express

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