Guest Mahesh_Fan_fan Posted July 16, 2015 Report Posted July 16, 2015 NEW DELHI: A proposal to redevelop about 400 railways stations in metros and major cities besides pilgrim centres and tourist spots was cleared by the government on Thursday.The Union Cabinet, chaired by Prime Minister Narendra Modi, gave its approval for redevelopment of the railway stations on 'as is where is' basis to accelerate the process of revamping them.Under this model, interested parties coming through open bids would develop the stations with their designs and business ideas while commercial development of real estate would be allowed by the zonal railways.The 'as is where is' model would entail a much simpler process for faster redevelopment, with more focus on vertical expansion."The 'A-1' and 'A' category stations (about 400) shall be offered for redevelopment by inviting open bids from interested parties."These stations are to be developed by leveraging real estate development of land and air space in and around the stations," a government statement said, adding that the model would also encourage innovative ideas from interested parties "at no cost to the railways".
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