Mumbai: 9 bidders in fray for CSMT redevelopment project

MUMBAI: A total of nine bidders remained in fray for the Chhatrapati Shivaji Maharaj Terminus(CSMT) redevelopment project that promises airport-like experience to passengers, besides opening up a space for commercial and residential units in south Mumbai.
Indian Railway Stations Development Corporation (IRSDC), which is spearheading the bidding process, had invited requests for qualification under the public-private partnership (PPP) basis on August 20, 2020.
The nine bidders were shortlisted after Indian Railway Stations Development Corporation (IRSDC) evaluated the RFQ (Request for Quotation) Applications submitted by the bidders
On January 15, 2021, IRSDC opened the RFQ applications of CSMT Railway station and received response from 10 developers.
The nine bidders are : Godrej Properties Limited, Anchorage Infrastructure Investments Holdings Limited, Oberoi Realty Limited, ISQ Asia Infrastructure Investments Pte Ltd., Adani Railways Transport Limited, Kalpataru Power Transmission Ltd., GMR Enterprises Private Limited, Moribus Holdings Pte, Ltd. and BIF IV Infrastructure Holding DIFC Pvt. Ltd. is the nine shortlisted bidders.
Managing Director and chief executive officer of IRSDC SK Lohia, “As the next steps, IRSDC will float a Request for Proposal (RFP) soon to the qualified bidders. CSMT railway station redevelopment is one of our most ambitious projects and we at IRSDC are committed to transform the CSMT railway station into a state of the art transport hub”
The RFP for CSMT is under preparation and will be called shortly from the shortlisted applicants.
Around 2.5 lakh square metre space between CSMT and Byculla will be available for commercial development. Of this, 1.4 lakh sq m will be available at CSMT, 80,000 sq m at Byculla and another 30,000 sq m at Wadi Bunder.”
The redevelopment will include segregation of arrival and departure areas, a disabled-friendly station, better services for passengers, an energy-efficient building, and restoring the heritage site to the 1930 level.
The redevelopment cost of the station (mandatory cost) including the cost of financing and contingency etc. is Rs. 1642 crore.
To make project attractive, Railways have allowed Upto 99 years lease for residential or mix use format and 60 years for non-residential formats.
There is a plan for railopolis, which will provide a mall-like experience at the P D’Mello Road side entry, will be integrated with a suburban platform, an underground parking and an elevated deck to pick up and drop passengers.
IRSDC will notify user development charges before the RFP is floated for the project will be executed on Design, Built, Finance, Operate, and Transfer (DBFOT) basis.