The Indian Railway Station Development Corporation is now looking to modernise 90 stations across the country.
In a first-of-its-kind scheme, the Indian Railways has installed a squat machine at the Anand Vihar station and 30 squats in front of it will generate a free platform ticket.
The estimated cost of the project is around Rs 1,642 crore.
The Rail Land Development Authority has invited online bids from private players to redevelop the station into an integrated commercial, retail, and hospitality hub.
Indian Railways under Piyush Goyal has chalked out a new plan for station redevelopment. Railway stations in 15 cities may soon offer residential apartments.
Fifteen stations might be taken up in the first stage with an investment of Rs 6,000-7,000 crore.
Top architecture firms belonging to Hafeez Contractor and C P Kukreja have offered to design a few stations free of cost.
Though the Railways is yet to declare any five-year action plan, it is clear the government is not in a position to hand-hold it for any major expansion or upgrade. The issue, however, is how far the Railways can function within the PPP format. Recent history highlights some of the challenges.
In a significant development, Indian Railways on Thursday joined hands with China to increase speed in its existing rail network, modernise stations and enhance mutual cooperation in the sector in the country.
Experts say Prabhu displays a clear intent of reforms but has not been able to fully shake-up the mammoth railway system.
Piyush Goyal has begun his term as railway minister with characteristic energy, but not all his new initiatives are being praised
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