The details are finally out, and from the looks of it, India’s 1st private railway station is going to be a killer. 5-star hotel, multi-specialty hospital and a lot more would be included in this first ever railway station to be developed under Public-Private Partnership model (PPP) at Habibganj, near Bhopal in Madhya Pradesh.
The result from this unique experiment will determine much more for the railways because this is their most ambitious ever push for non-fare revenues. And it may just click.
India’s 1st Private Railway Station: How Will It Work? Bhopal-based Bansal Group has been given the lease of the entire Habibganj Railway station for a period of 8 years, besides getting a 45-year lease for 4 land parcels, which would be developed and optimised for generating revenues for Indian railways.
As per preliminary reports, Bansal Group will invest Rs 100 crore to develop and overhaul the 37-year-old railway station and invest Rs 350 crore in developing the 4 land parcels in and around the railway station.