Indian Railways has announced that a total of nine international and domestic corporations have participated in a bid to renovate the New Delhi Railway Station.
Some of the participating firms include Adani Railways Transport, ISQ Asia Infrastructure Investments, and GMR Highways.
Other companies, such as Anchorage Infrastructure Investments, BIF IV India Infrastructure, Omaxe Limited, Elpis Ventures and Kalpataru Power Transmission, took part in the request for quotation (RFQ) for the station restoration project.
As per a PTI report, the technical evaluation for these companies will now be conducted.
In the next stage, Rail Land Development Authority (RLDA) will float the request for proposal (RFP) for selected applicants qualifying the technical process.
Pre-bid meetings and virtual roadshows were also held to explain the stakeholders of numerous developments and to get their feedback.
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The NDLS redevelopment, a leading project of the RLDA, is the first to be undertaken on the concept of Transit-Oriented Development (TOD) in India’s Delhi-NCR.
The project will be developed on a DBFOT model at a capital expenditure of approximately $680m.
The new station will be ready in about four years, with the period of concession set for 60 years.
The developer will receive several revenue streams from the redevelopment project such as revenue from real estate rights.
Strategically located in the heart of New Delhi, the new station will feature dome-shaped terminal buildings as well as two arrival and departure areas at the concourse level.
The complex will include two multi-modal transport hubs on every side, 40-floor high-rise twin towers, and a pedestrian boulevard.
The blueprint of the development plan also includes cycle tracks, pedestrian movement, and green tracks.
The new station will be linked to Delhi-NCR through the Yellow Line and to the Indira Gandhi International Airport via Delhi Metro Airport Express Line.
DTC bus stops will also be present on both sides of the station.
The redeveloped station project will cover an area of 120 hectares, out of which 88 hectares will be planned in phase one of the project. The master plan will be approved by RLDA.
The same PTI report reveals that an Apex Committee has also been created under the chairmanship of the Lieutenant Governor of Delhi for speeding up approvals and clearances.