A special purpose vehicle (SPV) has been formed by Indian Railway Stations Development Corporation Ltd. (IRSDC) with Government of Gujarat (GoG) with equity contribution as 24% that of IRSDC and 76% of GoG. The SPV is developing Gandhinagar station having architecture in harmony with adjoining Mahatma Mandir and Gandhi Kuteer. The SPV shall be responsible for operation & maintenance of station, hotel and will have revenue streams from Mahatma Mandir and Gandhi Kuteer as well.
A works contract for approximately ₹147 Crore for redevelopment of Gandhinagar station along with construction of a 300 room-hotel on the air space of the station has been awarded and ground-breaking done. Pile foundation is going on at site. Also, agreement for Project Management Consultant (PMC) has been signed between Indian Railway Stations Development Corporation Limited (IRSDC) and Gandhinagar Railway and Urban Development Corporation Limited (GARUD) on 14.07.2017. A work of cost ₹ 243.6 Crore is sanctioned by Railway for this and ₹ 40 Crore have been allocated this year.
This Press Release is based on the information given by the Minister of State for Railways Shri Rajen Gohain in a written reply to a question in Lok Sabha on 26.07.2017 (Wednesday).