New Delhi Railway Station Redevelopment Plan: Nine Companies Including GMR And Adani Qualified To Bid For Mega-Project

Nine domestic and overseas companies including the likes of GMR Group, Arabian Construction Co, Adani Railways Transport, Elpis Ventures, Omaxe, ISQ Asia Infrastructure Investments amongst others are now qualified to bid for the New Delhi station reconstruction plan.

The Rail Land Development Authority (RLDA) has confirmed that the initiative is set to entail an approximate capital expenditure of around Rs 6,500 crore. The RLDA has worked out a combination of retail, office and hospitality developments on 30 acres near Connaught Place as a part of this entire project.

The modernized station will have facilities such as segregated entry and exit points, shopping complex, parking lots along with 40 floor high-rise twin towers for hotels. The project will be built at a cost of Rs 4,950 crore on the design-build-finance-operate-transfer basis.

The station will be integrated with the yellow line of the Delhi Metro, the airport express line and with the outer circle of the Connaught Place via a pedestrian boulevard to make sure that there is multi-modal transport integration and development.

The RLDA has been made the approving authority for the mega project whereas an expert committee that will accelerate the process of approvals and clearances has been formed under the watch of the Lieutenant Governor of New Delhi, The Economic Times reports.