Expenditure and timeline
The project aims to revamp the station as a multi-modal hub through overhauling of infrastructure and provision of state-of-the-art amenities, such as an elevated concourse and multi-level car parking. The project will be developed on a design-build-finance-operate-transfer model for a concession period of 60 years. The process is expected to incur a capital expenditure of around Rs 6,500 crore, and is slated to be completed in four years.
Revenue generation model
The concessionaire will earn revenue from several components, including passenger handling fees collected via ticket sales, revenue from passenger facilities within the station, such as retail areas, lounges, parking, advertisement spaces, and income from the development and lease of commercial components.
Key highlights of the master plan
The phased redevelopment encompasses station redevelopment, development of associated infrastructure, relocation of social infrastructure as well as the refurbishment of railway offices and railway quarters.
First in row
The Rail Land Development Authority (RLDA) is currently working on 62 stations in a phased manner, while its subsidiary, Indian Railway Stations Development Corporation, has taken up another 61 stations.
In the first phase, RLDA has prioritised prominent stations like New Delhi, Tirupati, Dehradun, Nellore, and Puducherry for redevelopment.