Arabian Construction, Adani, Others Bid To Redevelop New Delhi Railway Station As A World-Class Transport Hub

Nine companies — Arabian Construction Company, Adani Railways Transport, BIF IV India Infrastructure Holding (DIFC), ISQ Asia Infrastructure Investments, Anchorage Infrastructure Investments Holdings Limited, Kalpataru Power Transmission Ltd, GMR Highways Limited, Omaxe Limited and Elpis Ventures, have submitted bids for New Delhi Railway station redevelopment project, reports Hindu Businessline.

These bids were reportedly received late Tuesday (2 February) night.

In the next stage, Request for Proposal (RFP) will be floated by the Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways, for the participants who get qualified in the technical process.

“New Delhi Railway Station Redevelopment is a flagship project of the Rail Land Development Authority (RLDA), and the first to be undertaken on the Transit-Oriented Development (TOD) concept in Delhi-NCR,” a statement from RLDA read.

Also Read: Redevelopment Of New Delhi Railway Station As A World-Class Transport Hub, Here Are The Pictures

The station would be developed on a Design-Build Finance Operate Transfer (DBFOT) model for a concession period of 60 years with a capital expenditure of around 680 million dollars.

The Project offers multiple revenue streams to the developer, including revenue from real estate rights and is slated to be completed in around four years.

An Apex Committee under the chairmanship of Lieutenant Governor of Delhi has been constituted to expedite the approvals and clearances for the project.

The Master Plan area includes around 120 hectares and 88 hectares is being planned in the first phase of the Project.

Construction of dome-shaped terminal buildings, two Multi-Modal Transport Hubs (MMTH) on each side of the station, 40 floor high rise twin towers for hotels, offices and retail at the podium, and a pedestrian boulevard with high street shopping are part of the project.