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Concession agreement for station redevelopment discussed with stakeholders

The webinar was organized to simplify the Model Concession Agreement (MCA).

Ministry of Railways, along with its special purpose vehicles – Rail Land Development Authority (RLDA), and Indian Railway Station Development Corporation (IRSDC) to finalize model concession agreement for station development project through public-private partnership with various stakeholders With regard to (PPP) model.

In this regard, a webinar on the station redevelopment project was held on Wednesday, 8 September, as part of the stakeholder engagement process, according to a statement shared by the Rail Land Development Authority – to convert vacant railway land for the national transporter. Essential to develop and monetize. Network.

More than 140 participants were involved in today’s participatory process, where discussions were held with various stakeholders of the project. The webinar was organized to simplify the Model Concession Agreement (MCA) related to redevelopment of railway stations.

On 27 August, the draft MCA was uploaded on the official website of the Ministry of Railways, and the feedback of various stakeholders was considered by the officials. Brookfield Global Asset Management, Anchorage Infrastructure Investment Holdings Ltd., Bharti Realty Ltd., I-Square Capital and Adani Infra participated in the webinar session today.

“National Monetization Pipeline of Rs.6,00,000 crore announced by Government of India includes 400 stations, with an envisaged Rs.76,000 crore. 40 stations to be taken up in 2021-22 and another 120 stations in 2022-23 RLDA Vice President Shri Ved Prakash Dudeja said.

“For the program to be successful, the concerns of various stakeholders need to be addressed. For smooth implementation of this ambitious program, Ministry of Railways has shared the draft of MCA and organized this webinar for active participation of stakeholders in the process.

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