If the number of firms that participated in the pre-bid meeting for the development of the Tirupati railway station is any indication, the response for redevelopment of the station is very good, if not spectacular. Nearly 30 infra firms including some prominent names like GMR, Oberoi, Ambience, Adani Group, Godrej Properties, Reliance Infra, Sobha, Brigade and Embassy Group participated in the online pre-bid meeting which was conducted by Rail Land Development Authority (RLDA).
RLDA had floated an RFP (Request for Proposal) some time ago inviting bids for the selection of a suitable public or private entity for re-development Tirupati railway stations. The station will be redeveloped on a PPP (Public-Private Partnership) mode on Design, Build, Finance, Operate, Transfer (DBFOT) model. They will have operational areas like administrative areas, miscellaneous technical area, security and station operation staff areas besides world-class amenities for passengers such as shopping, hospitality, food court, cloakroom, dormitories and executive lounges. The Tirupati railway station is targeted to be redeveloped in 3 years.
The agencies will be evaluated through a two-stage process. The winner will be required to upgrade and redevelop stations in line with recommendations of various stakeholders as well as operate and maintain them. It will be also responsible for executing a comprehensive mobility plan within project land after field study to ensure free and un-obstructive movements of various modes of transport (i.e., railway, city bus, auto, taxi, non-motorized vehicles.) and pedestrians.
The concession period under Concession Agreement is 60 years which implies that Concessionaire must operate and maintain the Railway station buildings and estate for 60 years. Total cost of the project is estimated to be ₹510 crore for Tirupati including ₹230 crore for station development alone.
A total of 62 railway stations across India will be re-developed by RLDA on a PPP model as a part of Smart City Projects launched by the government of India. The entire cost of re-development will be met by leveraging commercial development of spare railway land/airspace in and around the station.