GMR, Adani, Godrej in race for CSMT redevelopment.
As many as 10 leading private infrastructure players and real estate developers including GMR Enterprises, Kalpataru Power Transmission, Adani Railways Transport, Godrej Properties and Oberoi Realty among others have expressed interest in redevelopment of the city's iconic Chhatrapati Shivaji Maharaj Terminus railway station into a City Centre Rail Mall. Indian Railway Stations Development Corporation (IRSDC)
As many as 10 leading private infrastructure players and real estate developers including GMR Enterprises, Kalpataru Power Transmission, Adani Railways Transport, Godrej Properties and Oberoi Realty among others have expressed interest in redevelopment of the city's iconic Chhatrapati Shivaji Maharaj Terminus railway station into a City Centre Rail Mall.
Indian Railway Stations Development Corporation (IRSDC) had invited Request for Qualification (RFQ) for the Rs 1642 crore redevelopment of the station on public private partnership basis in August last year and 10 companies have submitted their proposals.
The other companies are ISQ Asia Infrastructure Investments, Anchorage Infrastructure Investments Holdings, Brookfield Infrastructure Fund IV, Moribus Holdings and Keystone Realtors.
"This has been the best participation in recent times in terms of numbers of applications, when compared to projects of Delhi Airport, Mumbai Airport, Navi Mumbai Airport, Goa Mopa Airport, Jewar Airport and other airports at Jaipur, Ahmedabad, Lucknow, Guwahati, Manglore, Thiruvananthapuram or other railway stations," IRSDC said in a statement.
The redevelopment of the UNESCO heritage building includes integration of various modes to make this railway station a multimodal transport hub and will include segregation of arrival and departure, divyang friendly station, better level of services for passengers, energy efficient building and restoring the heritage site as per its 1930 levels.
"The CSMT railway station will function like a city centre rail mall where in addition to a passenger's transportation needs, his daily needs will also be fulfilled, like- retail, F&B, entertainment, souvenir shopping. The aim is that most of his daily needs are catered to by visiting the railway station thus avoiding unnecessary travel within the city," IRSDC said.
The Rs 1642 crore redevelopment project will be undertaken on design, build, finance, operate and transfer basis.
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