Adani, GMR And Godrej Among 10 Players To Enter Race To Redevelop Mumbai s CSMT Railway Station
by Arun Kumar Das - Jan 16, 2021 03:51 AM
Chhatrapati Shivaji Maharaj Terminus
Snapshot
The Rs 1,642-crore redevelopment project envisages integration of various modes to make the iconic railway station a multi-modal transport hub
GMR Enterprises Adani Railways Transport and Godrej Properties, are among 10 private players who have evinced interest to redevelop Chhatrapati Shivaji Maharaj Terminus, a heritage property in Mumbai.
The redevelopment project is a crucial one as the CSMT is a historic station and the UNESCO World Heritage site located in the heart of Mumbai city.
January 15, 2021
GMR Enterprises, Kalpataru Power Transmission, Adani Railways Transport among bidders
Ten firms,including GMR Enterprises, ISQ Asia Infrastructure Investments, Kalpataru Power Transmission, Anchorage Infrastructure Investments Holdings, Adani Railways Transport, Brookfield Infrastructure Fund, have submitted qualifying bids for redeveloping Chhatrapati Shivaji Maharaj Terminus (CSMT), Mumbai. Other bidders are Moribus Holdings, Godrej Properties, Keystone Realtors and Oberoi Realty, said a IRSDC statement.
Indian Railway Stations Development Corporation Ltd (IRSDC) invited Request for Qualification (RFQ) for redevelopment of CSMT on public private partnership basis on August 20, 2020, after ‘in principle’ approval of the Public Private Partnership Appraisal Committee (PPPAC), the release added.
The redevelopment cost of the station (mandatory cost) including the cost of financing and contingency is ₹1,642 crore. The project will be undertaken by the develop
Empty Beach Shacks, Cancelled Chartered Flights: How Covid Ravaged Goa s Tourism this Year
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Coronavirus cast a long shadow over tourism in Goa as the coastal state normally bustling with domestic and foreign tourists tried to cope with effects of the pandemic. Goa witnessed perhaps the worst tourist season with international chartered flights cancelled, beach shacks wearing empty looks and local businesses like taxi and bike rentals, dependent on this industry, suffering a body blow.
The coronavirus-induced has cost the state s tourism industry Rs 1,000 crore in earnings, Goa Chamber of Commerce and Industry said. A report by the state tourism department and a private consultancy firm said Goa s tourism industry may have suffered loss of between Rs 2,000 to Rs 7,200 crore and job losses in the range of 35 per cent to 58 per cent due to the pandemic.
MONEY MARKET
The Nigeria Deposit Insurance Corporation (NDIC) has commenced the closure of 42 Microfinance Banks (MFBs) whose operating licences were recently revoked by the Central Bank of Nigeria (CBN) with verification of their respective depositors.
This was disclosed in a statement signed by the Director, Claims Resolution Department of the Corporation, Mrs. Nurat Ajigbewu.
According to the NDIC, the CBN revoked the operating licences of the failed MFBs with effect from Thursday 12th November, 2020. Consequently, the Corporation as the official liquidator of the banks commenced the process of closure and payment of insured sums to verified depositors of the banks.
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