Request for Qualification (RFQ) for the redevelopment of Chhatrapati Shivaji Maharaj Terminus (CST) in Mumbai on PPP has been invited by IRSDC, the Ministry of Railways said on Monday. The redevelopment cost of the station (mandatory cost) including the cost of financing and contingency is Rs 1642 crore. Additional revenue stream: Pre-determined user charges (as notified by MoR) from railway station users as in practice in airports etc. Upto 2.54 lakh sqm of Built up Area (tentative) is allowed for commercial development. All Applicants who meet the qualification criteria shall be eligible to submit price bid at RFP stage, i.e., there is no upper cap for shortlisting of Applicants for RFP stage.

Source: dna August 24, 2020 15:39 UTC