Bids invited from private sector to redevelop four railway stations

For the redevelopment of Nagpur, Gwalior, Amritsar and Sabarmati railway stations, the government has invited bids involving an investment of around Rs 1,300 crore. The redevelopment was a long-standing demand to spur private investment in the sector. This comes soon after the Indian Railways’ decision to prioritise development of 50 railway stations, drawing from the example of privatisation of six airports in the country.  The Indian Railways Station Development Corporation has invited request for qualification (RFQ) for the redevelopment of these railway stations. The indicative station redevelopment cost for the four projects will be Rs 465 crore for Nagpur, Rs 300 crore for Gwalior, Rs 375 crore for Amritsar and Rs 156 crore for Sabarmati.