Redevelopment of 400 stations will be largest PPP in the world

Rough estimation speaks of redevelopment cost of Rs 100 crore per station

GN Staff | December 4, 2015


#suresh prabhu   #railway ministry   #railway stations   #CII  

India's ambitious project to redevelop 400 railway stations through private sector investment will be the largest public-private-partnership (PPP) project in the world, Railway minister Suresh Prabhu said on Friday.

Speaking at the CII PPP summit, Prabhu said no railway in the world can survive on just ticketing revenues. "In long term we should target around 30-40% revenue from non-core business like commercial exploitation of our assets, Prabhu said.

The railways did not disclose the total project cost but he said no project of such proportion has been ever undertaken in the world.

 As per rough estimates there would be an average redevelopment cost of Rs 100 crore per station.

 As a part of the station redevelopment project, railways will have online bidding of stations and private players would be allowed to earn revenue through commercially exploiting the real estate.

 He also said railways will soon have a sectoral regulator.

 

Comments

 

Other News

First coal rake flagged off from NTPC’s coal block in Hazaribagh

The first coal rake of NTPC’s Pakri-Barwadih coal mine at Hazaribagh was flagged-off by finance minister Arun Jaitley, Jharkhand chief minister Raghubar Das, union minister of state for power, coal, N&RE and mines Piyush Goyal, and minister of state for civil aviation Jayant Sinha, at Ranchi on

AIMIM to contest Pune civic polls for the first time

“Our corporator is missing,” reads a banner on a defunct lamppost in Shaniwar Peth – a densely populated area in Pune, the second largest city of Maharashtra after Mumbai. Many more sprang up in the nearby alleys, a couple of months before the municipal corporation polls on February 21.&n

How a PSU takes land for mining

On October 1 last year, Mehtab Alam Ansari, 30, who worked as a tailor in Delhi, had arrived in his village, Chepa Khurd in Barkagaon tehsil of Harazibagh district, to celebrate Eid with his family. That morning, he was nearing Dadi Kalan, a neighbouring village, to meet an acquaintance when he heard gunsh

Should Nathuram Godse`s statement in Gandhi assassination trial be disclosed?

Should Nathuram Godse`s statement in Gandhi assassination trial be disclosed?

Demonetisation: When cash played peek-a-boo

Post-demonetisation, cash did the Houdini vanishing trick at ATMs. With currency notes playing hide and seek, life was sheer misery. Things improved a bit, but the situation is back to square one. The ATMs are running dry, yet again. Rajiv Bajaj, scion of the family that makes hugely popular

Stories you must read over the weekend

  Tribals in the land of the legendary Birsa Munda in Jharkhand are fighting against the amendments of the Chotanagpur Tenancy Act (CNTA) and Santhal Pargana Tenancy Act (SPTA). These were hastily changed by the BJP government – first by an ordinance in June, and then, amendments i

Video

Digital Transformation Summit

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter