Railway stations in state to soon sport malls, hotels

Railway passengers in the state can expect major improvement in the amenities being provided at stations as the Railway Land Development Authority (RLDA) is planning to hand out land for development under private public partnership (PPP) mode.TheRLDA, which works under the railway ministry, willl ease out land to private developers who will then build multi-functional complexes (MFCs) which would include budget hotels, shopping outlets, ATMs, food courts and parking spaces.

Eight stations in AP including Nizamabad, Vijayawada, Visakhapatnam, Guntur, Kacheguda, Zaheerabad, Karimnagar and Kurnool have been selected for the project. Bids have already been invited for Vijayawada and Visakhapatnam stations.

RLDA official ssaid railway land measuring 1,000 to 3000 square metres would be developed. The developer who wins the bid would get the land on a 45-year lease. However, the MFCs will be part of the railway operational buildings and would be transferred to the railway authorities when the lease expires.

In south and west India alone, land parcels in 53 locations are expected to be developed. The RLDA aims to earn around Rs1,000 crore from the sites this financial year. “We are engaged in the development of land/air space entrusted to generate non-tariff revenue and creation of assets for the Indian Railways. In this context, we have opened bids for Gujarat and are in the process of opening bids for Tamil Nadu, Andhra Pradesh and Maharashtra,” said R K Garg, joint general manager, south west RLDA.

Around 20 developers evinced interest at Thursday’s pre-bidding meeting, which was organized by property advisor firm Knight Frank which is collaborating with the RLDA in the south and western regions. The bidding is expected to be held on October 19.

In addition to this project, the South Central Railway has been modernizing stations by installing escalators and elevators.

ON THE DEVELOPMENT TRACK

• Railway Land Development Authority is set to hand out land to private developers for building multi-functional complexes

• These complexes would include budget hotels, shopping outlets, ATMs, food courts and parking spaces

• The developer would be given a 45-year lease, after which the complex would be taken over by the railways

• Eight stations in AP – Nizamabad, Vijayawada, Visakhapatnam, Guntur, Kacheguda, Zaheerabad, Karimnagar and Kurnool – have been selected for the project.

http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Search&Source=Find&Key=TOIH/2013/09/13/4/Ar00403%2Exml&CollName=TOI_HYDERABAD_DAILY_2009&DOCID=603896&Keyword=%28%3Cmany%3E%3Cstem%3Erailways%29&skin=TOINEW&AppName=1&PageLabel=4%20&ViewMode=HTML

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Published in: on September 15, 2013 at 6:53 am  Leave a Comment  

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