RLDA concludes online roadshows on the redevelopment of New Delhi Railway Station

New Delhi: The Rail Land Development Authority (RLDA), conducted the online roadshows on the redevelopment of the New Delhi Railway Station (NDLS)- the first project to be undertaken on the Transit-Oriented Development (TOD) concept in Delhi-NCR.
Macquarie Group, Ontario Teachers' Pension Plan, Brookfield, I Squared Capital, Mahindra Group, Mecef International, Infrastructure Asia, were among the companies who participated in the roadshow.

According to RLDA, the objective was to engage with relevant stakeholders such as leading international real estate developers, infrastructure players and financial institutions from advanced geographies such as Europe, Australia and South Asia.

“The project has attracted interest from various stakeholders. As a responsible organization, our foremost priority is to engage with them, keep them apprised of various developments and incorporate their views and suggestions into the Project," said Ved Parkash Dudeja, Vice Chairman, RLDA.

RLDA has conveyed that similar online sessions will be planned in future to further discuss and refine the project with intending players.

The project is currently at Request for Qualification(RFQ) stage with February 2 as the last date of submission of applications.

The road show was preceded by a pre-bid conference held in September 2020 in which prominent players such as Adani Group, GMR, JKB Infra, Arabian Construction Company, SNCF and Anchorage participated and have shown interest in undertaking the prestigious redevelopment project.

The project entails a capital expenditure of approximately USD 680 million over a period of four years and offers multiple revenue streams to the developer, including revenue from real estate rights for a period of 60 years.

The station has a master plan area of 120 hectares, out of which 88 hectares is being planned in Phase 1 (of the Project).

The project involves the development of around 12 lakh sqm of the built-up area as a higher FSI is permitted under the TOD Policy.

The project will be undertaken on the Design, Build, Finance, Operate and Transfer (DBFOT) model, and would involve redevelopment and management of the station for a 60 year-concession period.