Business Standard

Mumbai's CSMT facelift plan back to drawing board due to railway revamp

The project, which had received bids from Adani, Oberoi and GMR, goes back to drawing board after abrupt shutdown of nodal agency; station will now be developed under BOT mode

Chhatrapati
Premium

The timely redevelopment of Tier-1 stations such as CSMT is important not just for the passengers and businesses, but for the finances of railways too as these form a sizeable portion of its asset monetisation pipeline for the fiscal year

Dhruvaksh Saha New Delhi
The redevelopment of Mumbai's iconic Chhatrapati Shivaji Maharaj Terminus (CSMT) railway station, which has been long overdue, will go through fresh tendering as the earlier round has been shelved due to internal restructuring in the Indian Railways. The Unesco World Heritage site was supposed to undergo redevelopment last year. But it has now been sent back to the drawing board following the shutdown of the nodal agency Indian Railway Stations Development Corporation (IRSDC).

Adani Railways, Oberoi Realty, and GMR Highways were among the nine bidders in the now discarded race for the marquee station project. According to railways minister Ashwini

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