Indian Railway To Raise Rs 50,000 Crore Through Mega Station Redevelopment Plan
by Swarajya Staff - Mar 11, 2021 11:02 AM
Design of the New Delhi railway Station redevelopment project
(@PiyushGoyal/Twitter)
As part of its station redevelopment plan, Indian Railway plans to attract an investment of Rs 50,000 crore by opening up about 20 million sq ft of real estate.
By March 2021, Railways aims to issue tenders for 50 of the 123 stations available for redevelopment at present.
According to the Indian Railway Stations Development Corporation Ltd (IRSDC), Habibganj in Madhya Pradesh (MP) and Gandhi Nagar in Gujarat will be Indiaâs first railway stations to be operationalised under the public-private partnership (PPP) scheme.