Standard Post with Image

Development of 400 Railway Stations through Swiss Challenge Method: A Major Push to Private Participation in Railways

News

The Cabinet cleared the redevelopment of 400 railway stations on 'as is where is' basis, offering flexibility of execution to interested parties in terms of design and business ideas, including permitting commercial development of real estate by the zonal railways.

Source – ET

SNP Insights:

The auction for the redevelopment of 400 railway stations in India seems to happen through the transparent system of E-Bidding. In this type, the bidder with innovative idea, least time and cost factor seems to be encouraged. This new bidding process may help the private players venture in to the core sector business which were primarily dominated by the government companies. With this initiative, the competitiveness is expected to increase leading to improved efficiency and cost cutting.

Source – SNP Infra Research