Rejig of core New Delhi railway station delinked from rest of project

NEW DELHI: Giving the final push to the redevelopment of the New Delhi station, Indian Railways has rejigged its plan by delinking station development from commercial development and real estate activities. It will first take up station infrastructure development including upgradation of passenger amenities, parking lots and core areas of the station building. In the second phase, it would take up commercial development involving real estate.
The railway ministry has been toying with several ideas and plans for redevelopment of this busiest station for around a decade, but has made hardly any progress.
The sources also said the railways would take up the redevelopment on a hybrid ‘build, operate and transfer (BOT)’ model where the national transporter will pay 40% of the project cost during construction.