New Delhi: Providing the last boost to the rebuilding of New Delhi Station, Railways India has associated its plans with the development of surgical stations from commercial development and real estate activities.
This will first take the development of station infrastructure including increasing passenger facilities, parking lots and core areas of the station building.
In the second phase, it will consume commercial development involving real estate.
The train Ministry has played with several ideas and plans to rebuild this busiest station for about a decade, but almost no progress.
These sources also say the train will take rebuilding on the hybrid model ‘build, operating, and transferring (bots)’ where national transporters will pay 40% of project costs during construction.
Personal players must invest 60% left and the train will pay back this number by recepted more than 26 years.
The National Highways Authority of India (NHAI) has adopted this NH development model known as the ‘Hybrid Anuity Model (HAM)’.
The source said the authority of the railroad land development (RLDA) made a detailed presentation before the Ashwini Vaishnaw Union Railway Minister on Friday.
Because the train will pay all investments in installments and thus minimize the risk of private investors, the user costs proposed to be charged from passengers will come to the national transporter.
According to the plan, a double doll architecture structure is 450 meters long and 80 meters high will appear at the station.
The total cost is estimated at around Rs 4,470 crores and there will be 25 high twin wire floors.