Mumbai’s CSMT facelift plan is again on the drafting board resulting from railway reforms


The redevelopment of Mumbai’s iconic Chhatrapati Shivaji Maharaj Terminus (CSMT) railway station, which is lengthy overdue, will undergo a contemporary tender as the sooner spherical was postponed resulting from inside restructuring within the Indian Railways. The UNESCO World Heritage Website was imagined to endure redevelopment final 12 months. However after the closure of the nodal company Indian Railway Station Growth Company (IRSDC), it has now been despatched again to the drafting board.

Adani Railways, Oberoi Realty and GMR Highways are among the many 9 bidders which have now been omitted for the marquee station mission. In line with Railway Minister Ashwini Vaishnav, the station will probably be developed underneath Hybrid Constructed-Function-Switch (BOT) mode.

“The mission is at the moment in techno-economic feasibility report stage, as all of the initiatives underneath IRSDC have been despatched again to the drafting board. After that, as soon as the detailed mission experiences are ready, they are going to be accepted internally and despatched to a heritage committee. will probably be submitted, after which a contemporary Request for Qualification (RFQ) will probably be raised,” stated a senior Railway Ministry official.

As soon as all these processes are accomplished, the redevelopment mission will attain the stage the place it left off final 12 months, the official indicated.

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The mission was overseen by the Indian Railway Station Growth Company (IRSDC), a three way partnership between Rail Land Growth Authority (RLDA) and IRCON, two entities owned by the Ministry of Railways. In October final 12 months, IRSDC was all of a sudden shut down and all its initiatives have been handed over to RLDA and Zonal Railways.

Not solely have been these 60 odd initiatives redeployed, progress on many of those tenders was additionally rejected and the method needed to begin from scratch. Nearly 10 months later, little progress has been made in its main improvement initiatives reminiscent of CSMT, the place IRSDC was about to finalize the awardee after the Request for Proposal (RFP).

Well timed redevelopment of Tier-1 stations like CSMT is vital not just for commuters and companies, but additionally for the funds of the Railways as these are a serious a part of its asset monetization pipeline for the monetary 12 months.

Ministry of Railways plans to deploy vital assets for the event of stations on this monetary 12 months – each underneath the continued Adarsh ​​station scheme and a brand new mission for upgradation of main stations which incorporates virtually full overhaul in companies and passenger facilities .

In April, the railways additionally held stakeholder conferences for its different main station redevelopment mission – New Delhi Railway Station, which it additionally intends to ship underneath the BOT mode. Nonetheless, there are inside discussions for completion after building of a few of these Tier-1 stations by means of Engineering, Procurement and Building (EPC) mode and involving the personal sector by means of Actual Property Funding Trusts (REITs).

Minister Vaishnav instructed Parliament on Wednesday that the ministry has thus far spent Rs 2,700 crore on redevelopment of stations within the present monetary 12 months.

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