Kanpur Railway Junction to be auctioned for Rs 200 crore, Allahabad for Rs 150 crore – Details Here
New Delhi: Government arrangements to sell nation's most prominent railway stations as a component of its Public Private Partnership (PPP) extends that includes redeveloping these stations.
A report in the Patrika.com said that an online auction will happen on June 28 in which two stations of Uttar Pradesh – Kanpur Junction and Allahabad Junction will go under the sledge.
Intrigued organizations can sign on to the railway site and offered for the intersection. While the base cost of sale for Kanpur Junction has been settled at Rs 200 crore, that of Allahabad has been settled at Rs 150 crore, the site said.
The results of the auction will be declared on June 30, it additionally said.
Prior an Economic Times report said that administration needs to restore 25 noteworthy Railway stations. Among the rundown of stations the are Bengaluru, Lokmanya Tilak (T) in Mumbai, Pune, Thane, Visakhapatnam, Howrah, Allahabad, Kamakhya, Faridabad, Jammu Tawi, Bangalore Cantonment, Bhopal, Mumbai Central (Main), Borivali, and Indore.
"India arrangements to sell one of its biggest Public Private Partnership (PPP) extends that involves redeveloping 25 of the nation's most unmistakable railway stations at any rate venture of Rs 30,000 crore," Railway serve Suresh Prabhu had disclosed to ET a month ago.
As a major aspect of redevelopment, the bidders will be permitted to redo foundation at the stations like stages and parlors, building lodgings, shopping centers, multiplexes and other business units "at the land that will be reserved by the railways," ET said