Indian Railways is considering a new public-private partnership (PPP) model to attract private investment to redevelop railway stations. Under this model, investors would receive up to 40% of the total project cost as viability-gap funding (VGF) and would be permitted to commercially use the space above platforms and tracks
According to the people cited above, the Rail Land Development Authority (RLDA), an Indian Railways unit, plans to run pilots at 15 stations, including Vijayawada and Anand Vihar. Based on the experience, the model will be finetuned and implemented across other major stations, they added. Bids will be chosen under the hybrid PPP model based on the amount of VGF support required by the private investor
https://www.constructionworld.in/transport-infrastructure/metro-rail-and-railways-infrastructure/railway-seeks-private-funding-to-revamp-15-stations/39445
Source: Construction World
