Railway Station Redevelopment Initiatives

Railway Station
Redevelopment
- Initiatives so far
WWW.FACEBOOK.COM/IRSDC
WWW.LINKEDIN.COM/GROUPS/8479988
WWW.TWITTER.COM/IRSDCINFO
EN.WIKIPEDIA.ORG/WIKI/INDIAN_RAILWAY_STATIONS_DEV
ELOPMENT_CORPORATION_(IRSDC)
Habibganj Railway Station Post Proposed Redevelopment
WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988
HON’BLE PM ON RAILWAY STATION REDEVELOPMENT
“Railway facilities are the same as they were 100

years back … Privatize and modernize the railway
stations … Stations should be better than airports …
We can easily have trains running below and
commercial properties above”
In Guwahati during inauguration of the pioneering train link to

Meghalaya, 29 Nov 2014

Indian Railways has embarked on a mega
transformation journey to create world class railway
stations
Focus on improving passenger amenities at ...by leveraging real estate available with
stations... railways to fund the development
~2,700 acres of prime real

~16 M passenger footfalls
estate land on lease (45
per day
years)
~70% footfalls in top 100 Across ~100 largest cities

cities in India
~7% annual growth in

Encroachment free land
footfalls
~400 stations chosen for modernization
Source: Indian Railways

~Rs1 lakh crore of investment to develop 400 stations
and commercial establishments around it
Number of Commercial Station Total
Total land (acres)
stations development (cr) development (cr) development (cr)
400 2,700 68,000 28,000 96,000

OVERVIEW OF RAILWAY STATION REDEVELOPMENT
NUMBER OF STATIONS IN REDEVELOPMENT PLAN IRSDC’S METHODOLOGY
• TOTAL
8300 RAILWAY
STATIONS Master Plan and Feasibility Study
• A1, A
400 CATEGORY
STATIONS Approvals and Local Body Clearances
• IRSDC’S
12 CURRENT
PORTFOLIO Invitation of RFQ and RFP
IRSDC PRESENTLY OUTSIDE PURVIEW OF

SWISS CHALLENGE METHOD
Award of Development Concession
Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 5

FINANCING MODEL FOR WORLD CLASS STATIONS
Capital and Running cost of the Project is financed

SELF-FINANCING through The Project Revenues and Station Facility
MECHANISM
Revenues.
Revenue from Commercial Development on Sparable

PROJECT
REVENUES
Land & Air Space.
Revenue from Station Development component –

Except train tickets, platform tickets and RDN
STATION FACILITY
REVENUES

JOURNEY THUS FAR
2012 2013 2014 2015 2016

Awarded first
IRSDC Appoints Receives Finalization of PPP station
commences Architectural, Approval of Financial Habibganj, EPC
business, Technical, Master & Business Plan station
formulates the Financial, Bid Concept Plan and initiates Gandhinagar,
policy and Advisory from Indian the bidding others at
legal Consultants Railways & process various stages
frameworks Local Body of bidding

AWARDS AND ACHIEVEMENTS
SKOCH PLATINUM AWARD

MAIN FEATURES
Iconic Structure Integrating both sides of the city
Segregation: Arrival/ Departure Enhancing passengers’ delight
Planning for next 40 years Energy efficient
Multi modal transit hub Disabled friendly

WORLD’S LARGEST TOD PROGRAM
TOD projects - the central station complex becomes more multifunctional
The linkage system is more thematic to satisfy a diversity of needs
Station areas as places for exchange of ideas and promotion of lifestyle and culture
A physical framework that incorporates innovations in urban design and interaction design
The railway stations becoming nerve centres for ‘Smart Cities’
The transportation function plays a supportive role and no longer a central role.
OUR FOCUS POINTS AT STATIONS: SEVEN ‘C’s
GUIDING
PRINCIPLE
The design concept
of station
development
Congestion Free
IRSDC CREATING RAILWAY STATIONS OF FUTURE

SWOT ANALYSIS
STRENGTHS WEAKNESSES
Ownership of land Model under implementation
Strategically placed Real Estate component– Complex formalities
Studied well for implementation
THREATS OPPORTUNITIES
Competition from upcoming/planned
Huge potential, growing system
projects in the cities
Volatility in real estate valuations. FDI – 100%

IMPLEMENTATION STRATEGY
Developer Premium
IRSDC
Develop in 8 yrs max Development in 3 yrs
Lease 45 yrs O&M for 3+12 years Lease, Development
Rights and Right of Way
Real Estate Railway Station IRSDC/ Railway

Transfer
The developer will fund the development of station, using the revenues from real estate.
Developer will transfer station assets to railways and operate the station for 3+12 years through a O&M contract.
Before completion of station development, developer will not be permitted to earn revenues from real estate.

TERMS OF REAL ESTATE DEVELOPMENT
Vacant land and air rights for Land cannot be mortgaged: ownership
Commercial Development
always vests with Railways
Commissioning of Commercial Development:

after commissioning of Station Development
Model Development Agreement
(available on www.irsdc.com)
Advance Marketing: permitted through
Escrow mechanism
SPV to be formed for Station

Development No residential development permitted

DE-RISKING PROJECT: PRE CONSTRUCTION APPROVALS
Railways – Divisions, Urban Planning Municipal

Traffic Police
Zonal HQs Department Corporation
Public Works Public Health Dept. of Environment

Wildlife Board
Department Department & Forest
Pollution Control Electricity Airport Authority of Heritage Clearance

Board Department India Committee
List Indicative, Depends On National Monument State Archaeology

Location, Other Factors Authority Department
WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 16
IRSDC PROJECTS
HABIBGANJ (MP) CHANDIGARH (UT)
GANDHINAGAR (GUJARAT) AMRITSAR (PUNJAB)
SURAT (GUJARAT) GWALIOR (MP)
ANAND VIHAR (DELHI) NAGPUR (MH)
BAIYAPPANHALLI –
BENGALURU
BIJWASAN (DELHI) (KARNATAKA)
GANDHINAGAR-JAIPUR
SHIVAJI NAGAR-PUNE (MH) (RJ)
HABIBGANJ (BHOPAL)
Takeover of
the station
Appointed Date
01 March 2017
Before After
Description Cost USD Mn. Description Built-Up Area sq.m.

Cost of Station 15.28 Approximate Built Up Area
100,000
for Commercial
Cost of commercial development 53.48

GANDHINAGAR (GUJARAT) STN. ON REDEVELOPMENT
Project
implementation
through new SPV 03 Jan 2017
(GARUD) LOA issued, work in
between Govt. of progress, DOC targeted Dec
Gujarat and 18
IRSDC with
equity ratio of
74:26
respectively Foundation stone laying
by Hon’ble PM on 9.1.17
GARUD - Gandhinagar Railway and Urban Development Corp.

GANDHINAGAR (GUJARAT) STN. ON REDEVELOPMENT
Hon’ble Prime Minister Mr. Narendra Modi being debriefed by Mr. SK Lohia, MD, IRSDC
during #Bhoomipoojan Ceremony, 9th January 2017

GANDHINAGAR (GUJARAT)
Before After

19,000
for Hotel

SURAT (GUJARAT)
Before After
Description Cost USD Mn. Description Area sq.m.
Cost of Station, Bus Terminal 98.55 Approximate Built Up Area for 900,000
Cost of commercial development 366.69 Commercial

SURAT MMTH = IRSDC + GSRTC + SMC
First of its kind attempted in India, bringing together three levels of
UNIQUE
63% government: CENTRAL, STATE AND MUNICIPAL GOVERNMENT
Purpose: Development of Multi Modal Transport Hub at the Surat Railway

PURPOSE
Station: Bus Terminal, Train, LDB, Metro, Auto, BRT, City Bus Service etc.
Station redevelopment, funded by commercial development on leasehold

34% IRSDC
rights for the lease period of 90 years on the vacant railway land and air space.
SITCO* Central Bus Terminal (GSRTC) funded by commercial development on
GSRTC leasehold rights for the lease period of 90 years on the vacant GSRTC land and
air space.
3%
SMC Provides utility infrastructure support and policy/land support.
OWNERSHIP To lie vested in the promoters. Only developmental rights transferred to JVC.
*Surat Integrated Transport
Corporation Ltd.
3D VIEW
Invitation of bids
RFQ – Applications due on

5.6.17
RFP – Invitation by 15.6.17

ANAND VIHAR (NEW DELHI)
RFP Submission
- 25.4.17
(13 applicants
prequalified)
Before After

163,636
for Commercial

BIJWASAN (GREENFIELD PROJECT)
20 Apr 2017
Bid Submission
08 applicants
prequalified
Before After
GREENFIELD PROJECT
381,818
for Commercial

CHANDIGARH
UT Chandigarh conveys
NOC/ Approval
09 Jul 2015
Before After
Description Cost in USD Mn. Description Built-Up Area sq.m.
Cost of Station 45.84 Approximate Built up
227,272
area for commercial

SHIVAJINAGAR (PUNE)
Local Body
Approvals
PMC issues
letter for
completion of
consultation
process
Before After
2nd Mar 2017
109,090
for Commercial

AMRITSAR
Before After
CONCEPTUAL PLAN UNDER DEVELOPMENT

ADDITIONAL RLY. STATIONS ENTRUSTED TO IRSDC
International design competition being launched shortly for selection of architects
G R E E N F I E L D
GWALIOR RAILWAY STATION BAIYAPPANAHALLI RLY STN, BANGALORE GANDHINAGAR RAILWAY STATION, JAIPUR
AMRITSAR RAILWAY STATION NAGPUR RAILWAY STATION

IRSDC ON SOCIAL MEDIA
https://www.linkedin.com/groups/847 https://twitter.com/irsdcinfo
9988
https://en.wikipedia.org/wiki/Indian_R
https://www.facebook.com/IRSDC/ ailway_Stations_Development_Corpor
ation_(IRSDC)

Railway Station
Redevelopment
Contact us at -
Indian Railway Stations
Development Corporation Limited
4Th Floor, Palika Bhawan, Sector-13,
R.K.Puram, New Delhi-66 WWW.FACEBOOK.COM/IRSDC
Ph +911124672718/19
Fax +911124672720
WWW.LINKEDIN.COM/GROUPS/8479988
Email- info@irsdc.co.in
- sk.lohia@irsdc.com
WWW.TWITTER.COM/IRSDCINFO
EN.WIKIPEDIA.ORG/WIKI/INDIAN_RAILWAY_STATIONS_DEV
ELOPMENT_CORPORATION_(IRSDC)
Habibganj Railway Station Post Proposed Redevelopment

Railway Station Redevelopment Initiatives

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Railway Station

“Railway facilities are the same as they were 100

In Guwahati during inauguration of the pioneering train link to

WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988

~2,700 acres of prime real

~70% footfalls in top 100 Across ~100 largest cities

~7% annual growth in

~400 stations chosen for modernization

Source: Indian Railways

400 2,700 68,000 28,000 96,000

WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988

IRSDC PRESENTLY OUTSIDE PURVIEW OF

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 5

Capital and Running cost of the Project is financed

Revenue from Commercial Development on Sparable

Revenue from Station Development component –

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 6

2012 2013 2014 2015 2016

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 7

SKOCH PLATINUM AWARD

Iconic Structure Integrating both sides of the city

Segregation: Arrival/ Departure Enhancing passengers’ delight

Planning for next 40 years Energy efficient

Multi modal transit hub Disabled friendly

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 9

The linkage system is more thematic to satisfy a diversity of needs

The railway stations becoming nerve centres for ‘Smart Cities’

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 12

Ownership of land Model under implementation

Strategically placed Real Estate component– Complex formalities

Studied well for implementation

Volatility in real estate valuations. FDI – 100%

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 13

Real Estate Railway Station IRSDC/ Railway

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 14

Commissioning of Commercial Development:

SPV to be formed for Station

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 15

Railways – Divisions, Urban Planning Municipal

Public Works Public Health Dept. of Environment

Pollution Control Electricity Airport Authority of Heritage Clearance

List Indicative, Depends On National Monument State Archaeology

GANDHINAGAR (GUJARAT) AMRITSAR (PUNJAB)

SURAT (GUJARAT) GWALIOR (MP)

ANAND VIHAR (DELHI) NAGPUR (MH)

Description Cost USD Mn. Description Built-Up Area sq.m.

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 18

GARUD - Gandhinagar Railway and Urban Development Corp.

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 20

Description Cost USD Mn. Description Built-Up Area sq.m.

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 21

WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988

Purpose: Development of Multi Modal Transport Hub at the Surat Railway

Station redevelopment, funded by commercial development on leasehold

RFQ – Applications due on

RFP – Invitation by 15.6.17

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 24

Description Cost USD Mn. Description Built-Up Area sq.m.

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 25

Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 26

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Tuesday, May 23, 2017 WWW.IRSDC.COM | WWW.FACEBOOK.COM/IRSDC | WWW.TWITTER.COM/IRSDCINFO | WWW.LINKEDIN.COM/GROUPS/8479988 29