The govt has earmarked a long-term loan of US $500 million, with a
moratorium on interest payment for seven years, for redeveloping eight
railway stations, including those in Chd and Mohali, world bank to be
approached for funds.
A decision on modernising the Ambala and Ludhiana railway stations on
the basis of government-to-government long-term funding by the French
national railways (SNCF) has already been taken.
“The ministry intends to rope in the World Bank for a $500-million
loan for redeveloping the stations. This will be in addition to the
Ambala and Ludhiana stations for which the French Rail Corporation
has been allotted consultancy,” an official said.
If everything goes well, the Railway Ministry will soon hand over
the stations at Chandigarh, Mohali (Punjab), Habibganj (Lucknow),
Bijwasan and Anand Vihar (Delhi), Surat, Gandhinagar (Gujarat) and
Shivaji Nagar (Mumbai) to the largest public sector construction
company (NBCC) to turn these into world-class facilities.
A Cabinet note in this regard has already been initiated.
The ministry will next month come out with a modal document
approved by the Railway Board, which would be the basis for
private players to become a part of the exercise for redevelopment
of stations to world-class standards. “After the Modal Document is
made available to public in June, the zonal railways will begin
inviting proposals from the private players to take part in the
redevelopment exercise,” said the official.
As per plan,the redevelopment of stations would constitute not only
better facilities there but would also include developing the area
into a commercial and residential hub, the official said, adding
that all these stations would have separate departure and arrival
lounges on the lines of modern airports,which would help the Railwa
-ys better manage passenger movements.