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Modified bid challenge method for railway station development soon

Lohia said the railway ministry will continue to keep a check on costs and affordable services at stations even after privatisation

S K Lohia
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S K Lohia, MD & CEO of IRSDC, says the ministry will continue to keep a check on costs and affordable services at stations even after privatisation

Twesh Mishra New Delhi
The Indian Railway Station Development Corporation (IRSDC) will soon launch a modified bid challenge method for developing stations. This approach is being adopted to allow more flexibility in awarding railway stations for redevelopment and modernisation.
 
“Under this approach, if a private party wants to come forward to make a greenfield terminal, and if it is in the railway’s operational requirement, we should be willing to look into that opportunity,” S K Lohia, managing director (MD) and chief executive officer (CEO) of IRSDC said.
 
“This is an alteration of the Swiss challenge method. Here, too, it is almost an

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