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Forty-three companies evince interest in CSMT redevelopment project

Friday, 25 Sep 2020
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Forty-three companies including Tata Projects, Adani Group, Larsen & Toubro, and GMR Group attended a pre-bid meeting on 25 September 2020 for the redevelopment of Chhatrapati Shivaji Maharaj Terminus (CSMT) station in Mumbai, Maharashtra. 
 
The Rs 1,642 crore redevelopment project includes integration of various modes to make the railway station a multi-modal transport hub. 
 
The total real estate built-up area is 25 lakh sq ft and construction period is of four years. The cost of the real estate around it is Rs 1,433 crore. 
 
The meeting was attended by 43 prospective bidders, including Adani Group, Tata Projects, Eldeco, GMR Group, JKB Infrastructure, SNCF Hubs and Connexions, I Squared Capital, Kalpataru Power Transmission, Ace Urban Developers, GR Infrastructure, Essel Group, and Larsen & Toubro.
 
It was also attended by architects namely BDP Singapore, Hafeez Contractor, AECOM and fund houses namely Anchorage Infrastructure Investment Holdings, Brookfield. 
 
Also consultancy firms participated in the meeting namely JLL, Boston Consultancy Group, KPMG, PwC India, EY; and the British High Commission. 
 
Invest India, set up by DPIIT which is the national investment promotion and facilitation agency that helps investors looking for investment opportunities and options in India, also attended the meeting. 
 
The redevelopment plans include segregation of arrival and departure, divyang friendly station, better level of services for passengers, energy efficient building and restoring the heritage site as per its 1930 levels. 
 
In addition to a passenger's transportation needs, daily needs such as retail, food and beverage, entertainment, souvenir shopping will be also included. 
 
The request for qualification (RfQ) for redevelopment of CSMT on public-private partnership (PPP) mode has been invited by Indian Railway Stations Development Corporation (IRSDC). 
 
During the pre-bid meeting, it was highlighted that at the RfQ stage the applicants will need to fulfill only the financial criteria, and the technical eligibility criteria has been dispensed with. 
 
The selected bidder at the RfP stage would take up the redevelopment of the railway station and commercial development of the surrounding railway land on leasehold basis for a period of 60 years for commercial development and up to 99 years for residential development on selected plots, along with operation and maintenance of the station for 60 years on concession basis.
 
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