PM asks railways to speed up station redevelopment

Wants rural rail infra to be used for skill development, leading to increase in non-fare revenue; Railways currently working on revamping 400 stations

Narendra Modi
Sudheer Pal Singh New Delhi
Last Updated : May 30 2016 | 11:50 PM IST
Prime Minister Narendra Modi on Monday chaired a  meeting with key officials in the railways and roads sectors where he asked the Indian Railways to increase the pace of implementation of its station redevelopment programme. He also highlighted the need for more private investment to be brought in the roads sector.

“The Prime Minister stressed upon the need to speed up the redevelopment of railway stations, and urged the railways to substantially raise its level of ambition in this regard. He emphasised the need for the Railways to upgrade and diversify the uses of its infrastructure,” the Prime Minister’s Office (PMO) said.

Modi highlighted railway infrastructure in rural areas could be used for activities such as skill development and this could also result in an increase in non-fare revenue for the Railways, the statement said. The rail ministry is currently working on a drive to give a facelift to more than 400 major stations across the country, as announced in last year’s Railway Budget.

The Union Cabinet had last July approved a proposal for redevelopment of railway stations on a “as is where is” basis by inviting open bids from interested parties, who would submit their designs and business ideas. As part of the proposal, zonal railways concerned would permit commercial development of real estate, including land and air space, in and around the stations to enable their redevelopment.

The Indian Railway Station Redevelopment Corporation (IRSDC) had earlier this month invited an expression of interest for redevelopment of the Surat station in Gujarat. Apart from Surat, IRSDC is currently working on six projects — Anand Vihar, Bijwasan, Chandigarh, Habibganj, Shivaji Nagar and Mohali.

During Monday’s review of the railway sector, Modi was informed the capital investment in 2015-16 stood at more than Rs 93,000 crore, representing an increase of 65 per cent over the previous year. The railways commissioned 1,780 km of new lines and electrified 1,730 km of route length last financial year.

In the roads sector, Modi was informed over 6,000 km of highways were completed in 2015-16 while contracts for an additional 10,098 km were awarded. “The Prime Minister stressed on the need to study various models of road development across the country, and adopt the best practices so that more private investment can be brought into the highway construction sector,” the official statement said.

The PM stressed on the need for de-congesting critical stretches of roads and highways and adoption of latest technologies for toll collection, the statement said. Modi later said in a tweet that the completion of highways was going on at a remarkable pace.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 30 2016 | 11:50 PM IST

Next Story