Railways to offer 20 stations to Malaysia for redevelopment

TIL Desk/Business/New Delhi/ The Indian Railways is firming up plans to join hands with Malaysia to redevelop about 20 stations in Tier-II cities across the country. Aimed at attracting nearly Rs 1 lakh crore private investment, the station redevelopment project envisages infrastructure revamp at platforms and circulating areas.

It also entails commercial exploitation of station areas for constructing hotels, eateries, multiplexes, shopping malls and office complex among others for the use of developers for a period of 45 years.

For facilitating growth of Tier II cities, the Centre, state and local governments provide a lot of support to transform these not so big cities into business havens and making them India’s fastest growing cities.

While cities like Delhi and Mumbai are in Tier-I category, cities such as Faridabad, Cuttack, Amritsar, Jamshedpur, Kochi, Jammu, and Bikaner are considered Tier-II cities. A long term partnership will be forged with Malaysia on a government-to-government basis for offering about 20 stations to the southeast country, said a senior Railway Ministry official.