RLDA to conduct virtual roadshows on the redevelopment of New Delhi Railway Station.
Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways, is planning to conduct virtual roadshows on the redevelopment of the New Delhi Railway Station (NDLS) project, to attract investments from domestic as well as international stakeholders. These roadshows will be organized online from January 14-19, 2021 with investors and developers from various
Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways, is planning to conduct virtual roadshows on the redevelopment of the New Delhi Railway Station (NDLS) project, to attract investments from domestic as well as international stakeholders.
These roadshows will be organized online from January 14-19, 2021 with investors and developers from various countries like Singapore, Australia, Dubai and Spain, to discuss the project concept and the proposed transaction structure with the potential bidders.
The objective of the initiative is to engage with relevant stakeholders such as leading international real estate developers, infrastructure players and financial institutions from advanced geographies such as Europe, Australia and South Asia, the Authority said.
“The redevelopment of New Delhi Railway station is among our flagship projects that will boost tourism prospects and usher a socio-economic transformation of the region. The project is attracting interest from various stakeholders, and we intend to sustain the momentum through virtual roadshows. The initiative will enlighten them about the various aspects of the project," RLDA Vice Chairman Ved Parkash Dudeja said.
RLDA has also developed a walkthrough of the project that will be showcased during the roadshow for an in-depth understanding, it said.
The station, which is connected to the IGI Airport through the Airport Express Line metro and to the Delhi NCR via Yellow Line metro, project would be developed on a design-build finance operate transfer (DBFOT) model for a concession period of 60 years and is expected to incur the capital expenditure at around USD 680 million.
The project is currently at Request for Qualification (RfQ) had witnessed participation from prominent players such as Adani, GMR, JKB Infra, Arabian Construction Company, SNCF and Anchorage, among others.
The project also involves development of around 12 lakh sqm of built up area as a result of higher FSI permitted under the transit oriented development policy.
RLDA is currently working on redevelopment of 62 stations in a phased manner while its subsidiary, IRSDC has taken up another 61 stations.
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