The New Delhi Railway Station may get a facelift soon as the Rail Land Development Authority (RLDA), a statutory body under the Ministry of Railways, plans to redevelop the busy transit point in the capital on Transit-Oriented Development (TOD) concept, reports MoneyControl.
RLDA plans to conduct virtual roadshows with investors and developers from countries like Singapore, Australia, UAE, and Spain in this regard.
The New Delhi railway station is situated in the prime area of Delhi with commercial hub Connaught place and headquarters of many important institutions located nearby. The station is also connected by both airport line and yellow line of Delhi metro which connect various parts of the capital.
The station would be developed on a Design-Build Finance Operate Transfer (DBFOT) model for a concession period of 60 years with a capital expenditure of around 680 million dollars.
An Apex Committee under the chairmanship of Lieutenant Governor of Delhi has been constituted to expedite the approvals and clearances for the project.
The Master Plan area includes around 120 hectares and 88 hectares is being planned in the first phase of the Project.
Construction of dome-shaped terminal buildings, two Multi-Modal Transport Hubs (MMTH) on each side of the station, 40 floor high rise twin towers for hotels, offices and retail at the podium, and a pedestrian boulevard with high street shopping are part of the project.
As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.