The government has set a 2020 deadline to redevelop 10 railway stations into world classsmart facilities with airport-like amenities at a cost of Rs 5,000 crore. The redevelopment of stations will be carried out under a self-financing model through land monetisation by state-run NBCC.
The stations selected for the project are Delhi Sarai Rohilla, Lucknow, Gomti Nagar, Kota, Tirupati, Nellore, Ernakulam, Puducherry, Madgaon and Thane.
“The redevelopment work will start at a few stations by December-end or early next year. The concept designs are already being worked out,” NBCC chairman AK Mittal told ET. “We’re targeting the completion in another two to two-and-a-half years. The monetisation would be done through commercial exploitation of the land that railway provides.”