32 firms show interest in redevelopment of four railway stations

Nagpur, Gwalior, Amritsar, Sabarmati may see Rs 1,300-crore investment

At least 32 companies have shown interest in redevelopment of four railway stations — Nagpur, Gwalior, Amritsar and Sabarmati — on a public-private partnership (PPP) model.

Among the major players that are keen include GMR, Kalpataru, ISQ Capital, FairFax, JKB, Monte Carlo, GR Infrastructure, Kalyan Toll and Cube Constructions. 

“A total 32 applications have been received against the above four projects with a maximum of nine applications for Sabarmati (Ahmedabad). The applicants include two ‘Funds’ (ISQ Capital and FairFax ) apart from reputed developers,” said S K Lohia, managing director, Indian Railway Station Development Corporation (IRSDC).

The total Indicative cost