Habibganj is set to become first private railway station in India; railways awards contract to Bansal Group
In order to revamp Habibganj station in Bhopal under public-private partnership on par with international standards, Indian Railway Stations Development Corporation has awarded the contract to local firm Bansal Group for a period of eight years.
Highlights:1. IRSDC has given Bansal Group a contract to revamp Habibganj station in Bhopal
2. Railway Minister Suresh Prabhu will inaugurate the redevelopment work of Habibganj station on June 9 this year
3. The station will be converted into world-class transit hub which will have shopping stores, restaurants, eateries, etc.,
Indian Railway Stations Development Corporation (IRSDC) has announced to revamp Habibganj station located in Bhopal in Madhya Pradesh, which is set to become the first railway station to be built under public-private partnership on par with international standards, Business Today reported.
The railways has given the contract to local firm Bansal Group to build, maintain and operate the Habibganj station for eight years, it said.
According to the report, the company has been allotted four land parcels on a 45-years lease.
ALSO READ: Indian Railways now allows you transfer your train ticket to someone else; here’s how
To revamp the Habibganj station, Rs 100 crore is being invested and the additional four land parcels will be developed into commercial spaces with a budget of Rs 350 crore, it said. The total area adds up to 17, 245 square meters.
Railway Minister Suresh Prabhu will inaugurate the redevelopment work of Habibganj station on June 9 this year.
The Habibganj station will be converted into a world-class transit hub which will have shopping stores, restaurants, eateries, parking lots, among others.
The station will be powered by solar energy and it will have facilities for differently-abled people.
The transit hub at Habibganj sation is said to be designed in such a manner that, in case of an emergency, passengers can evacuate the area within four minutes, cited the report.
Moreover, the Indian Railway Stations Development Corporation (IRSDC) is set to revamp stations like Anand Vihar, Brijwasan, Chandigarh, Gandhinagar and Shivaji Nagar station in Pune, the report said.
ALSO READ: Lower Berth on Indian Railways may get expensive to book
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
SBI 444-day FD vs PNB 400-day FD: Here's what general and senior citizens will get in maturity on Rs 3.5 lakh and 7 lakh investments in special FDs?
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
03:12 PM IST