rail projects
In a major boost to build the modern infrastructure in the rail sector, the government has set a 2020 deadline to redevelop 10 railway stations into world-class smart facilities with airport-like amenities at a cost of Rs.5,000 crore. The redevelopment of stations will be carried out under a self-financing model through land monetization by NBCC. The concept designs are already being worked out, NBCC chairman, AK Mittal said that the company is targeting the completion in another two to two-and-a-half years. The monetization would be done through commercial exploitation of the land that railway provides. NBCC in the first phase would redevelop core infrastructure such as platform, lounges, ticketing counters, parking and other passenger amenities, besides building separate arrival and departure terminals on the lines of airports.