Indian Railways guidelines for 400 stations’ makeover out; Rs 50 cr net worth must for ‘Swiss Challenge’ applicants

By   www.financialexpress.com

The Indian Railways has announced initial guidelines for the proposed re-development of 400 stations in the country, mandating that an applicant has to have a net worth of at least Rs 50 crore at the end of the last financial year to be eligible to bid for it.

Considered to be a game changer for Indian Railways, the national transporter plans to re-develop 400 stations through an innovative public-private partnership model, the Swiss Challenge. The cabinet earlier this year had cleared the proposal.

Indian Railways envisioned a plan to change the face of these identified stations and have state-of-the-art facilities like helipads, shopping outlets, food courts, medical facilities, integration with public/private modes of transport, the segregation of passengers according to arrival and departure and green stations with optimum use of natural light and ventilation. More info

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