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Published On: Wed, Oct 11th, 2017

Developers to Redevelop Railway Stations

As per the news  records, Indian Railways is out to woo developers to ensure that its plan to develop railway stations is a success. The Railway Board, in a meeting on 5 October, discussed the two provisions along with giving approval for the land lease and land development.

After the Railway Board gave an in-principle approval for leasing railway land for 99 years and allowing construction of residential complexes, Indian Railways is considering handing over revenue and operations of platform tickets and parcel business of the stations to the developers who undertake station re-development.

Under the current station redevelopment plan, the Indian Railways already allocates operation and maintenance of stations to the developers, including the maintenance and operations of toilets on the platform, vendors and food stalls, parking, waiting rooms, etc. If approved, the two provisions would bring additional business for the developers, apart from land sops.

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