Twin Dome will rise above New Delhi Station to make it an iconic railway site
A 450-meter-long, 80-meter-high double-domed architectural structure would be erected over New Delhi Station as part of the redevelopment plan, as Indian Railways has confirmed a BOT (Build Operate and Transfer) hybrid model. ) for the ambitious Rs 4,470 crore. project.
Designed by a consultant based in Belgium, the 25-story twin dome, also known as Infinity Towers, is expected to cover all 16 platforms at New Delhi station.
In a detailed review meeting with the Rail Land Development Authority on Friday, Minister of Railways Ashwani Vaishnav discussed the issue of redeveloping the bare station to speed up the project.
Aiming for a more rapid execution method, the railways reorganized the original redevelopment plan by retaining commercial development activities from the station development plan.
Commercial development involving real estate would be undertaken in the second phase and the station infrastructure, including modernization of passenger facilities, parking lots and central areas of the station building, will be undertaken in the first phase in priority, said a senior official at the Ministry of Railways. .
The hybrid BOT model would be adopted for both the Rs 4,470 crore station project in New Delhi and the Rs 1,600 crore Chhatrapati Shivaji Terminus project in Mumbai.
The BOT hybrid model provides for a 40 percent payment during construction, while 60 percent would be paid to the builder by the railways in installments over the next 26 years as an insured return.
The railways would seek Cabinet approval for both stations shortly, as the project involved is worth more than Rs 1,000 crore each.
The previous plan was to achieve real estate development for commercial exploitation in parallel with the improvement of the existing core area of the station.
As this caused a lot of delays due to land issues, it was decided to continue development of the central area first on a priority basis, the official said.
Commercial development involving real estate would be followed after the upgrade of the core area.
There are around 185 stations to be redeveloped in the first phase by the RLDA.