News Brief
New Delhi Railway Station Redevelopment Progresses With DEC Infrastructure-HG Infra JV Winning Bid, Project To Be Completed In 45 Months
New Delhi Railway Station redevelopment plan.
HG Infra Engineering and DEC Infrastructure joint venture has secured the contract to redevelop the New Delhi Railway Station, the company announced in an exchange filing on Thursday (6 February).
The Rs 2,195.68 crore project, awarded by the Rail Land Development Authority (RLDA), is expected to be completed within 45 months, reported Business Standard.
Project Details & Cost Breakdown
HG Infra emerged as the L-1 bidder in a joint venture with DEC Infrastructure, where HG Infra holds a 49 per cent stake and DEC Infrastructure Private Limited holds 51 per cent.
The final bid amount of Rs 2,195.68 crore is lower than RLDA’s estimated project cost of Rs 2,469 crore, making it a cost-effective deal for the railway authorities.
Challenges in Redeveloping a Congested Zone
Railway officials have highlighted that the redevelopment of the New Delhi Railway Station poses significant challenges, particularly due to congested areas on both the Ajmeri Gate and Paharganj sides.
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 capital’s primary railway hub.
