The approved model will cover stations which are located in major cities, metros and near famous tourist spots. Third parties can place bids and give a new look to the railway station as per their ideas and designs.
The government is all set to redevelop about 400 railway stations in the country, located in major cities besides pilgrim centres and tourist spots.
The Union Cabinet which was chaired by Prime Minister Narendra Modi, approved redevelopment of railway stations on ‘as is where is’ basis on Thursday.
The ‘as is where is’ basis is adopted for much faster development of the stations. Under this model, interested parties can place open bids and develop the stations as per their design and business idea, while the commercial development of real estate will be allowed by the zonal railways.
Open bids will be placed on A-1 and A category stations. These category stations are generally located in metros, major cities and tourist spots across the country.
Railway Minister Suresh Prabhu had said that current redevelopment models are time consuming. The new model will reduce the burden from the railway ministry as they it undertake redevelopment of only some identified stations in the country.
The new model will also encourage innovative ideas to leverage land and air space from third parties “at no cost to the railways”.