Rail station redevelopment
#Minister of Railways Suresh Prabhakar Prabhu has launched the first Phase of the Station Redevelopment Program comprising 23 major Railway Stations of Indian Railways.
It would be a World’s largest Station Redevelopment Program, he added.
Speaking on the occasion on 8 Feb 2017, Prabhu said that the Railways have certain advantages out of which one is holding of land on a large scale.
He said that Railway Stations is a place where lots of people wait to board a train and thus Railway Station can be developed into an iconic property.
He disclosed that #Ministry of Urban Development is collaborating with the Ministry of Railways to develop smart stations because smart stations are a pre-requisite for becoming a smart city.
Chairman, Railway Board, A.K. Mital added “Our effort for last 10 years will see a culmination as we launch the first lot of stations for redevelopment through public-private partnership. These stations have been selected for this phase after detailed feasibility studies carried out by our Strategic Advisors, #The Boston Consulting Group.
Overall, there are 400 stations to be redeveloped through public-private-partnership (PPP) model without straining Railways’ finances. fii-news.com
