Redevelopment of Habibganj Railway Station and Development of Commercial Area
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Project stage info
Stage 1: Initial Government Announcement
Indian Railway Stations Development Corporation, Government of India
Form of project announcement
Reasons: The project is the outcome of the vision articulated by the Indian Prime Minister Mr. Narendra Modi to rejuvenate India's legacy railway stations. India's railway network boasts of over 8000 railway stations with a passenger capacity of 8 billion passenger trips annually. India's railway stations have not undergone any general major rejuvenation since independence 70 years ago, even as the population has expanded significantly. This has put immense pressure on the Indian railway station infrastructure. It is said that about 400 stations (2%) bear 75% of the passenger flux. Therefore there is an urgent need to redevelop India's railway stations to provide the citizens a superior and world class travelling experience. As city centers, these stations would also set an example of urban redevelopment effort that may be replicated throughout the city.
Expected Benefits: This infrastructure development effort would also address the necessity of fruitful public private people partnerships, develop entrepreneurial capacity in the cutting edge infrastructure space of urban development and give India market leadership in the space. It would also generate much needed highly skill employment in the critical sectors of urban development. The redeveloped stations would not only build world class railway stations, complete with the latest and cutting edge discourse in urban development such as transit oriented development, multi modal integration, sustainable energy integration; it shall also lead to development of ancillary technology sectors such as transportation, security, information technology.
Indicative timetable of project development
3 years for the railway station and 8 years for the commercial development from the appointed and the effective date, respectively.
Any project documents that are publically available about the project None
Project looking for additional PPF assistance
Project looking for additional MDB assistance
Is project multi jurisdictional?
Stage 2: Project Investigation
74.1 M USD 4,916 M INR
Indicative Funding Source
Have any external advisors been appointed yet
Details of Advisors appointed
Consortium of GMP International, GmbH and International Consultants and Technocrats Pvt. Ltd. India
Is the project contained in national/sub national infrastructure plan or strategy
Please outline any studies (for example environmental, engineering etc.) that will be completed prior to a full business case development
Environment Impact Assessment, Master Plan, Technical Feasibility Report
Details For Next Step Of Project
Submission to Railways for approval, Local body clearances, RfQ, RfP, Finalization of Development documents, Letter of Intent, Issuance of Letter of Award, Appointment of Developer
Estimated Time To Start Of Procurement
Other Key Project timeline events
Stage 5: Government Approval / Procurement Stage
Government Approvals Obtained
Master Plan submitted to Railway and approved. Master Plan submitted to Local Body and approved.
Revenue Source Description
Developer of the project gets revenue from licensing of the kiosks at the railway stations and from lease of the commercial development property for a period of 45 years.