Redeveloped railway stations will have cascading effect on the local economy: Ved Parkash Dudeja, Vice Chairman, RLDA
Traveling experience of train passengers in India is changing thanks to development of new infrastructure by various units of Indian Railways ecosystem. The Rail Land Development Authority (RLDA) is a statutory authority within the Ministry of Railways responsible for railway land development. As part of its development strategy it has four key mandates: commercial leasing sites, colony redevelopment, station redevelopment, and multi-functional complexes. RLDA is engaged in the redevelopment of Railway Station buildings and in developing expertise in consultancy, construction and management services in the field of real estate, developing sound commercial models of development and implementing projects on the model that assures highest revenue return with adequate safeguards among others. Recently, RLDA concluded the first pre-bid conference in connection with re-development of New Delhi and Ahmedabad Railway Stations and construction of associated infrastructure. These stations will be redeveloped using an EPC (Engineering, Procurement, and Construction) model. FinancialExpress.com got in touch with Ved Parkash Dudeja, Vice Chairman of RLDA to discuss everything that it does and their future plans. Excerpts:
