Delhi’s Lieutenant Governor reviews redevelopment of New Delhi railway station

NEW DELHI: Delhi’s Lieutenant Governor Anil Baijal reviewed the status of the redevelopment of New Delhi Railway Station, which is being developed by the Rail Land Development Authority (RLDA), keeping in view the latest National Transit Oriented Development policy.
An apex committee has been formed for fast-tracking and monitoring various approvals for this project.

Multiple domestic and international companies are in the race to redevelop New Delhi railway station, with an estimated capital expenditure of Rs 6500 crore. About 20 companies had participated in the pre-bid meeting.

RLDA has planned a mix of retail, office and hospitality developments in a 30-acre area near Connaught Place which will help Indian Railways in redeveloping the New Delhi railway station.

“The first meeting of the Apex Committee was held on Thursday, where all the members were present. A detailed presentation was made by RLDA explaining important features of the entire scheme which includes amenities for passengers, Multi-Modal Transport Hubs, integration with both the metro station and an elaborate road network around New Delhi station to decongest Connaught Place,” said Deepak Kumar, Chief Public Relations Officer of the northern railway.

Connaught Place, one of the most expensive retail and office destinations of the country will add 2.5 million sq ft of commercial real estate as part of the redevelopment.

The concessionaire will earn revenues from several components— passenger handling fees collected, ticket sales — and revenues from passenger facilities within the station such as retail areas, lounges, parking, advertisement spaces.

Apart from that revenues will come in from the development and commercial real estate leasing.

The developer is expected to give an annual concession fee (ACF) to the authority along with a fixed upfront premium.

The New Delhi station handles about 4.5 lakh passengers daily (approximately 160 -170 million passengers annually).

The station handles 400 trains per day which are expected to further increase.