Decks Cleared For Redevelopment Of New Delhi Railway Station, HG Infra-DEC Infrastructure JV Bags Letter Of Award

Decks have been cleared for the redevelopment of the New Delhi Railway Station after the Ministry of Railways issued a Letter of Acceptance to the successful bidder last week.

Union Minister Ashwini Vaishnaw shared the exciting news on X on Monday (10 Feb).

EPC player HG Infra Engineering was declared as L-1 bidder by Rail Land Development Authority (RLDA) to develop the railway station in a joint bid with DEC Infrastructure. Their joint bid, worth Rs 2,195.68 crore, came in below the estimated project cost of Rs 2,469 crore set by RLDA.

In the joint venture, HG Infra holds a 49 per cent stake, while DEC Infrastructure owns 51 per cent. The project will involve extensive redevelopment of the station, along with the construction of associated infrastructure under the Engineering, Procurement, and Construction (EPC) model.

Initially estimated at Rs 1500 crore, the cost was increased to approximately Rs 2500 crore in the most recent tender to ensure financial viability. The final awarded bid stands at Rs 2,195.68 crore, which is 11.07 per cent below the original estimate, as noted in the minister's statement. The project is expected to be completed within 45 months.

The station revamp tender has been reissued multiple times in the past, as bidders previously quoted prices far exceeding the estimated budget.

With the latest successful bidding process, the project is now set to move forward, ensuring much-needed modernisation and infrastructure improvements at the national capital’s primary railway hub.