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Railway Exploring Multilateral Financial Investment Partnership with State Governments for Redevelopment of Stations

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National Academy of Indian Railways at Vadodara to be upgraded as Rail University Presenting Railway Budget 2016-17 in Parliament today, the Minister of Railways Shri Suresh Prabhakar Prabhu said that Redevelopment of stations using different models is being experimented. Based on one of these models, financial bid has been received for redevelopment of Habibganj station in Bhopal, while 4 other stations are in advanced stage of bidding. In a landmark decision, Cabinet has approved redevelopment of 400 stations through PPP. This is expected to be the largest transit oriented development in the world and,...

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