This project is to be executed with private sector

This project is to be executed with private sector

RLDA had floated the Request for Proposal on March 11 and expects to award the tender by June and appoint a consultant for the project.Once the redevelopment project is completed, Delhi’s Connaught Place area may get at least 2.5 million sq ft of new commercial space, perhaps the most expensive piece of real estate.The entire area will be developed across an area of about 8 million sq ft and the developer who is finally selected would be allowed to build commercial spaces on about 2.5 million sq ft.»This project is to be executed with the private sector partnership by leveraging the real estate development potential in the air space above the station and on railway land around the station. The key objective of this project is to provide superior passenger services to railway passengers at stations and transform these stations into iconic standard bearers of the cities following the PPP model,» said Dudeja.This project is to be executed with private sector partnership by leveraging the real estate development potential in the air space above the station and on Railway Land around station. Key objective of this project is toprovide modern passenger servicesforrailway passengers following PPP model.The consultant, who comes on board, would be expected to provide consultancy services for feasibility study, detailed master planning, urban designing, engineering and would have to prepare a detailed project report for redevelopment of the station.

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