9 bidders shortlisted for redevelopment of CSMT Railway Station

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CSMT Railway Station
CSMT Railway Station
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MUMBAI (Metro Rail News): Indian Railway Stations Development Corporation Limited (IRSDC) has shortlisted 09 bidders for the redevelopment of Chhatrapati Shivaji Maharaj Terminus Railway Station (CSMT) of Mumbai.

In August 2020, IRSDC invited RFQ (Request for Qualification) to redevelop CSMT Railway station and transform it into iconic city centre and in January 2021, it opened the RFQ applications of CSMT Railway station which revealed name of 10 applicants. After evaluation, IRSDC shortlisted 09 applicants as qualified for the next stage. The names of the qualified bidders are –

  • M/s Godrej Properties Limited
  • M/s Anchorage Infrastructure Investments Holdings Limited
  • M/s Oberoi Realty Limited
  • M/s ISQ Asia Infrastructure Investments Pte Ltd.
  • M/s Adani Railways Transport Limited
  • M/s Kalpataru Power Transmission Ltd
  • M/s GMR Enterprises Private Limited
  • M/s Moribus Holdings Pte, Ltd.
  • M/s BIF IV Infrastructure Holding DIFC Pvt. Ltd.

“Nine firms have qualified the RFQ stage for the redevelopment of CSMT station. 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” said SK Lohia, Managing Director & CEO – IRSDC.

“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”, he said.

The cost of station redevelopment including the cost of financing as well as contingency etc. is INR 1642 Crores. The investment opportunity for redevelopment is on the basis of Design, Build, Finance, Operate and Transfer (DBFOT).

The Applications were evaluated in accordance to the Financial Capacity, which had two criteria.

  • Minimum Net worth: INR 821 Crores at the close of preceding financial year OR
  • Minimum ACI: INR 821 Crores at the close of the preceding financial year (for AIF or Foreign Investment Fund).

The construction and O&M experience capacity shall have to be met after the award of the project. The entire bidding procedure is a two-stage bidding process consisting of RFQ and Request for Proposal (RFP).

The selected bidder at the RFP stage shall take up the redevelopment of the CSMT Railway station The Request for Proposal (RFP) for CSMT is under preparation and will be called shortly from the shortlisted applicants.

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1 COMMENT

  1. Rs 1642 crores is too high figure for development of CSMT. State of the art city centre can be built on main land decongesting Mumbai.
    The bidder will exploit real estate value in this area.

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