Rough estimation speaks of redevelopment cost of Rs 100 crore per station
GN Staff | December 4, 2015
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.
Prime minister Narendra Modi celebrated three-year of his government on May 26 by inaugurating Dhola-Sadiya bridge over the Brahmaputra river in Assam’s Tinsukia district. It is the longest bridge in India, which runs 9.15 km from end to end and connects Assam with Arunachal Pradesh.
IndianOil posted a net profit of Rs 19,106 crore for 2016-17 fiscal as compared to a profit of Rs 11,242 crore in the last fiscal. The income from operations for the financial year 2016-17 was Rs 4,45,373 crore as compared to Rs 4,06,828 crore in the previous fiscal. IndianOil`s income from
Hindustan Aeronautics Limited (HAL) carried out first flight of light utility helicopter (LUH)-PT-2 on May 22 at its Bengaluru-based facility. The flight duration was about 22 minutes and pilots reported nil snag, HAL said. “These maiden flights of indig
Narendra Modi is like Greek mythology’s King Midas: whatever he touches turns into gold. Most people in this country are left dazzled by his ability to make dramatic announcements with a statuesque flourish. The past three years of the Modi government have left the
Bharat Heavy Electricals Limited (BHEL) has added another feather to its cap by successfully commissioning another 270 MW thermal unit at RattanIndia Nasik Power Limited’s 5x270 MW thermal power project at Sinnar (Nasik) in Maharashtra. This is the fourth unit to be c
Chaudhary Birender Singh, minister for steel, said that the Indian steel industry is at the cusp of a significant milestone by becoming the second largest stainless steel producer in the world, leaving behind Japan. He said that the steel sector is only an example of all-round development in India. The c