Leading infrastructure development companies like Adani and GMR have shown interest in the redevelopment of Lucknow railway station. The station will be redeveloped on a Design-Build-Operate-Finance-Transfer (DBFOT) model in two phases at a total cost of Rs 556.8 crore.
Once selected, the concessionaire will be mandated to undertake the upgradation and redevelopment of the Lucknow railway station, including both the components, followed by its operation and maintenance. The selected developer will also be responsible for arranging and paying for all the utilities and payment of taxes, scrutiny fee, infrastructure charges, and other cess and taxes to the local body as per the prevailing norms.
Seven companies, including Adani Railways Transport, GMR Enterprises, ISQ Asia Infrastructure Investments and Kalpataru Power Transmission have emerged as prospective bidders for redevelopment of the Charbagh railway station in Lucknow. GR Infaprojects, Megha Engineering & Infra and Welspun Enterprise are the other bidders who have participated in the RfQ floated by the Rail Land Development Authority (RLDA) on 15th March 2021.
It may be noted that the last date for submission of applications was 24th June 2021. After the bidders are shortlisted, RLDA will float an RFP (Request for Proposal) for the selected bidders.
The redevelopment encompasses two components — the station redevelopment and the development of the surrounding railway land for pre-approved commercial and residential development. While the cost of phase 1 redevelopment is estimated at Rs 442.5 crore over three years, phase 2 is expected to incur a cost of Rs 114.3 crore over two years.
As part of station redevelopment agenda, work on redevelopment of 123 stations is in progress. Out of this, IRSDC is working on 63 stations and RLDA is working on 60 stations. As per current estimates, total investment needed for redevelopment of 123 stations along with real estate development is about Rs 50,000 crore.