Redevelopment of railway stations on the basis of proposals obtained through open invitation from interested parties approved by Cabinet
"‘A-1’ and ‘A’ category stations (about 400) shall be offered for redevelopment by inviting open bids from interested parties. These stations are to be developed by leveraging real estate development of land and air space in and around the stations," read a government statement.
This approval will enable the Ministry of Railways to accelerate the redevelopment of ‘A-1’ and ‘A’ category stations.
These category of stations are generally located in metros, major cities, pilgrimage centres and important tourist destinations across the country. It will also encourage innovative ideas from interested parties at no cost to the Railways.
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