Indian Railway Stations Development Corporation Limited (IRSDC) seeks the participation of a private entity for the Redevelopment of Anand Vihar Railway Station including, inter alia, all works related to, or incidental to, or required to be undertaken upon the project site in accordance with the provisions of the Development Agreement, and applicable Laws, including the commercial development, redevelopment and station development, as required to be undertaken (the “Project”) on Design, Build, Finance, Operate and Transfer (the "DBFOT") basis, and has decided to carry out the bidding process for selection of a private entity as the bidder to whom the Project may be awarded.
Expand to read more Collapse to see less
Project stage info
Stage 1: Initial Government Announcement
Indian Railway Stations Development Corporation
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
2.52 years (922 days) from the Appointed Date for the Mandatory Project - Redevelopment of Anand Vihar Railway Station
8 years for the Commercial Development Project from the Effective Date.
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
28.1 M USD 2,000 M INR
Indicative Funding Source
Have any external advisors been appointed yet
Details of Advisors appointed
Architectural & Technical Consultants: DIMTS
Financial & Bid Advisory Consultant for stations: DIMTS
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
Stage 3: Start of Project Feasibility / Business Case
Legal Advisors Appointed
DIMTS (Bid Advisory Consultant)
Financial Advisors Appointed
Technical and Other Advisors (inc Project Preparation Facility) Appointed
DIMTS (Architectural and Technical Consultants)
Is a Business Case Being Prepared?
Business Case Prepared By
Preparer company/department name
Estimated Business Case Completion Date
Estimated Time To Start Of Procurement
Any other relevant information relating to the project process
Stage 4: Project Feasibility / Business Case Complete
Is the Business Case Complete?
Business case no longer being completed
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.