Rlys plans long lease, multi-use clauses to lure developers for stations’ upgrade

Source: The Hitavada      Date: 07 Feb 2018 09:35:23



Staff Reporter,

Signalling a major change in bidding terms for the station redevelopment programme, Ministry of Railways has decided to increase short term lease to long term so that investors can bid more aggressively. About 600 stations across the country are planned to be upgraded in terms of amenities as well as from operations point of view for which Railways have adopted Swiss challenge method. Admitting that response from investors is not that buoyant, Central Railway's General Manager D K Sharma disclosed that lease period is being contemplated to be increased to 45-years from present 35-years so that investors gets more time period to recover the invested capital. Further Railways has chalked out an ambitious plan to transform the nation's lifeline and within next five-years there would be total transformation, Sharma said echoing the Central Government's line.

Another change in bidding terms would be about permitting multi land use and allowing winning party to transfer the land lease to third party, that means take on partners at later stage. Since the amount being eyed by Railways in station redevelopment is very big, these changes are being thought upon in Rail Bhawan to push forward the ambitious programme, Sharma said while replying to a querry at press conference held at Nagpur Division on Tuesday. He was on annual inspection visit of division wherein Sharma along with Commissioner of Railway Safety (CRS), Central Circle, A K Jain, and other Principal Head of the Departments from Central Railway Headquarters inspected Amla-Nagpur corridor.

Interacting with mediapersons, the visiting General Manager accepted that gestation period involved in completing works is quite long but said recent measures regarding delegation of powers is going to be a game changer in near future. When persisted that announcements made in budget take very long to be fruitful, Sharma shot back saying 'you have waited for 60-years bear with use for further five-years and be witness to a sea change in the way countrymen would travel on Indian Railways’.

To a question about high speed and semi high speed corridors, he said work is on both the projects but could not specify any time period about their completion. He said semi high speed corridor on Chennai-Mumbai and Mumbai-Howrah route is under consideration of Ministry of Railways. On Ajni RoB fitness, the General Manager said Railways knows how to take care of its assets and rubbished concerns about its fitness, although heavy traffic was stopped on the bridge.

A major thrust on Railways now is on renewable energy and in first phase Central Railway has got target of generating
10 MW. Divisional Railway Manager (DRM) Brijesh Kumar Gupta, Principal HoDs, Chief Public Relations Officer (CPRO)
Sunil Udasi and other officers were also present at the press conference.