A number of companies are looking to redevelop the New Delhi Railway Station. Arabian Construction Company, Railways Transport, ISQ Asia Infrastructure Investments, Anchorage Infrastructure, GMR Highways are among companies vying for redevelopment of the New Delhi Railway Station.

These companies participated in the request for qualification (RfQ) bids floated by the Rail Land Development Authority (RLDS) which opened on 3 February 2021.

These companies will now undergo technical evaluation. In the next stage RLDA will float the request for proposal (RfP) for selected participants who get qualified in the technical process.

The New Delhi Railway Station Redevelopment is a flagship project of the Rail Land Development Authority (RLDA), and the first to be undertaken on the Transit-Oriented Development (TOD) concept in Delhi-NCR.

BIF IV India Infrastructure Holding (DIFC), Kalpataru Power Transmission, Omaxe and Elpis Ventures were among the other companies which participated in the RfQ.

It will incur the capital expenditure at around USD 680 million and will be developed on a design-build-finance-operate-transfer model.

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 concession period is for 60 years.

The station will be developed to ensure multi-modal transport integration and development. It is connected to the IGI Airport through the Airport Express Line Metro and with Delhi NCR via Yellow Line of Delhi Metro. DTC bus stops lie on both sides of the station.

RLDA is currently working on 62 stations in a phased manner while its subsidiary, the Indian Railways Station Development Corporation has taken up another 61 stations.

In Phase-I, RLDA has prioritized prominent stations like New Delhi, Tirupati, Dehradun, Nellore and Puducherry for redevelopment.