New Delhi: The Indian Railways station redevelopment arm has received a shot in the arm with Malaysia’s state-owned CIDB (Construction Industry Development Board) showing interest to redevelop at least 20 railway stations across the country. A railway ministry official said,“We have been working with Malaysia and have done some roadshows. They have expressed interest in our programme.”
People who viewed this, also viewed: IRSDC plans to organise a global design competition for station upgrade ideas
- CIDB was established by Malaysia to promote, improve & expand the country’s construction industry, among other functions.
- The railways plans to redevelop 400-plus major stations across the country to provide world-class passenger amenities.
- This will be done by leasing out rail land to private developers for 45 years who will commercialise the land parcels and in turn redevelop stations & maintain them for 15 years.
- However, the railways can only lease stations through open tendering & as per current approvals, only individual stations can be put up for auction and there is no provision for bulk tendering.
- The official said,“It is up to us to find a suitable model for them.”
- The carrier will have to think about a way to provide CIDB contracts through a transparent method, the official added.
- According to the official, as a final solution, the railways can approach the Cabinet for a government-to-government understanding but before that it will look for other ways which are at preliminary stage right now.
- The development comes close to the Railways reaching out to the foreign embassies in India, urging them to market the station redevelopment plan in their own countries.
- The railways has already received inquiries from Switzerland, UAE, Kuwait, Slovakia, Malaysia & Japan.
- The official said,“We will give them stations which are not unviable but not the top-notch ones. We expect that with their expertise, we at least get those assured returns as expected.”
- Interestingly, CIDB already has an MoU with India’s Ircon International to develop railway infrastructure in India.
- The official said,“However, we do not want to select them through IRCON and we will be transparent in whatever way we approach it.”
To Find Rail Analysis on Facebook For latest opportunities, news, events and much more
Send your comments, suggestions and tips to firstname.lastname@example.org