Concession Agreement For Station Redevelopment Discussed With Stakeholders

The Railway Ministry, along with its special purpose vehicles - Rail Land Development Authority (RLDA), and Indian Railways Station Development Corporation (IRSDC) with various stakeholders regarding the finalization of the Model Concession Agreement for station development project through the public-private partnership (PPP) model.

In this regard, a webinar on the station redevelopment project was conducted on Wednesday, September 8, as part of the stakeholder engagement process, according to a statement shared by Rail Land Development Authority - mandated to develop and monetize vacant railway land across the national transporter's network.

More than 140 participants were involved in the engagement process today, where consultations were held with various stakeholders of the project. The webinar was conducted to simplify the Model Concession Agreement (MCA) related to the redevelopment of railway stations. 

On August 27, the draft MCA was uploaded on the official website of the Railway Ministry, and the response from various stakeholders was considered by authorities. Brookfield Global Asset Management, Anchorage Infrastructure Investments Holdings Limited, Bharti Realty Limited, I-Squared capital, and Adani Infra attended the webinar session today.

“National Monetization Pipeline of the Rs. 6,00,000 crore announced by the government of India includes 400 stations where an investment of Rs. 76,000 crore is envisaged.  40 stations are targeted to be taken up in 2021-22 and another 120 stations in 2022-23,'' said Mr Ved Parkash Dudeja, Vice Chairman, RLDA.

''To make the program a success, the concerns of various stakeholders need to be addressed. To have a smooth implementation of this ambitious program, Ministry of Railways has shared the draft MCA and held this webinar for active participation of the stakeholders in the process,'' added Mr Dudeja.