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Several companies took part in virtual roadshow of RLDA
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SME Times News Bureau | 22 Jan, 2021
At least 35 national and international companies participated in the
virtual road show on the redevelopment of the New Delhi Railway Station
organised by the Rail Land Development Authority (RLDA).
According
to RLDA, the week-long event witnessed the participation of
representatives from renowned companies such as Macquarie Group, Ontario
Teachers' Pension Plan, Brookfield, I Squared Capital, Mahindra Group,
Mecef International, Infrastructure Asia, among 30-35 others.
RLDA's
Vice Chairman Ved Parkash Dudeja welcomed all the participants and
discussed the constitution and role entrusted to RLDA by the Centre.
Dudeja also breifed the participants about the project.
Dudeja said, "The redevelopment of the New Delhi Railway Station is our flagship project that will transform Delhi-NCR."
He
said that the project has attracted interest from various stakeholders.
"As a responsible organisation, our foremost priority is to engage with
them, keep them apprised of various developments and incorporate their
views and suggestions into the Project," he said.
RLDA had
organised online roadshows from January 14 to 19 with investors and
developers from various countries like Singapore, Australia, Dubai and
Spain, to discuss the project concept and the proposed transaction
structure with the potential bidders.
The RLDA said that the
objective of the initiative is 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.
It said that it has also developed a
walkthrough of the project that will be showcased during the roadshow
for an in-depth understanding.
According to RLDA, the New Delhi
railway station is strategically located in the heart of Delhi and has
proximity to Connaught Place, which is Delhi's prime commercial hub. The
station is also connected to the Indira Gandhi International Airport
through the Airport Express Line Metro and to the Delhi NCR via Yellow
Line Metro.
It said that the project would be developed on a
design-build finance operate transfer (DBFOT) model for a concession
period of 60 years.
"It is expected to incur the capital
expenditure at around US $680 million. The project offers multiple
revenue streams to the developer, including revenue from real estate
rights and is slated to be completed in around four years," the RLDA
said.
It further said that the project is currently at request for qualification (RfQ) stage with due date as February 2.
A
pre-bid conference was held in the month of September 2020 in which
prominent players such as Adani, GMR, JKB Infra, Arabian Construction
Company, SNCF, Anchorage, etc. participated.
The Master Plan area
is approximately 120 hectares, out of which 88 hectares is being
planned in Phase 1 (the Project). RLDA is the approving authority for
the Master Plan. Further, to expedite the approvals and clearances, an
apex committee under the chairmanship of Lieutenant Governor of Delhi
has been constituted. The project involves development of around 12 lakh
sq metres of built up area as a result of higher FSI permitted under
the TOD (Transit Oriented Development) Policy.
The project has
two distinct components -- first station component- the new terminal
building, along with amenities, railway offices, railway quarters and
ancillary railway works and the second one of station estate, which has
retail spaces adjoining the station, commercial office space, hotels
and residential space.
The RLDA said that the station will be
equipped with new-age amenities such as dome-shaped terminal buildings
with 2-Arrival and 2-Departure at concourse level, two Multi-Modal
Transport Hubs (MMTH) on each side of the station, 40-floor high-rise
twin towers (with hotel/offices and retail at podium) and pedestrian
boulevard with high street shopping.
The station is proposed to
be a multi-modal hub for transport integration and development. It will
become the first project to be undertaken on Transit-Oriented
Development (TOD) concept in Delhi-NCR.
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