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Full news. . 

IR to privatize 23 Railway Stations, eAuction of Kanpur Central and Allahabad Junction Announced

NEW DELHI: In one of its largest Public Private Partnership (PPP) projects, the Central government has decided to privatize 23 railway stations of the Indian Railways. The list of stations include Lokmanya Tilak (T) Mumbai, Thane, Pune, Vishakhapatnam, Howrah, Bangalore Cantonment, Jammu Tawi, Faridabad and  two stations of Uttar Pradesh.

The two stations of Uttar Pradesh that are being auctioned are Kanpur Central and Allahabad Junction. As per the details announced, the online auction will be conducted on June 28. Interested companies and individuals can submit their bid on the railways website.

After the stations are handed over to private hands, the Railways will only take responsibility for train operations, ticket sales, parcels and security arrangements. However, in addition to the security system of Railways, private security guards will also be deployed at different areas of the stations.

The arrangement will be leased to the respective private company for a period of 45 years. During these 45 years, the companies will have to furnish the railway stations with world-class facilities and develop food stalls, retiring rooms, play areas, etc. The companies will also be responsible for bringing up shopping malls, five-star hotels and multiplexes on the stations.

It has also been clarified in the auction details that the private companies, under no circumstances, shall tamper with the architectural heritage of the stations. This means that the structure of Kanpur Central and Allahabad Junction railways stations will remain intact.

There is, however, no approval on revenue sharing proportion between private companies and Railways with regards to this privatization initiative.

Earlier this month, we reported that Habib Ganj railway station of Bhopal will be the first private railway station of the country, the contract of which has already been assigned to Bansal Group of Bhopal.

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2 hours ago, Tomb__ayya said:

Full news. . 

IR to privatize 23 Railway Stations, eAuction of Kanpur Central and Allahabad Junction Announced

NEW DELHI: In one of its largest Public Private Partnership (PPP) projects, the Central government has decided to privatize 23 railway stations of the Indian Railways. The list of stations include Lokmanya Tilak (T) Mumbai, Thane, Pune, Vishakhapatnam, Howrah, Bangalore Cantonment, Jammu Tawi, Faridabad and  two stations of Uttar Pradesh.

The two stations of Uttar Pradesh that are being auctioned are Kanpur Central and Allahabad Junction. As per the details announced, the online auction will be conducted on June 28. Interested companies and individuals can submit their bid on the railways website.

After the stations are handed over to private hands, the Railways will only take responsibility for train operations, ticket sales, parcels and security arrangements. However, in addition to the security system of Railways, private security guards will also be deployed at different areas of the stations.

The arrangement will be leased to the respective private company for a period of 45 years. During these 45 years, the companies will have to furnish the railway stations with world-class facilities and develop food stalls, retiring rooms, play areas, etc. The companies will also be responsible for bringing up shopping malls, five-star hotels and multiplexes on the stations.

It has also been clarified in the auction details that the private companies, under no circumstances, shall tamper with the architectural heritage of the stations. This means that the structure of Kanpur Central and Allahabad Junction railways stations will remain intact.

There is, however, no approval on revenue sharing proportion between private companies and Railways with regards to this privatization initiative.

Earlier this month, we reported that Habib Ganj railway station of Bhopal will be the first private railway station of the country, the contract of which has already been assigned to Bansal Group of Bhopal.

45 years!!! 

They will make a killing, lot of revenue streams like ads, food stalls , parking , etc ...

 

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Good job…

services anni outsource cheyandayya…This sector can employ another million people over the next few years if utilized properly..

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11 minutes ago, Android_Halwa said:

Good job…

services anni outsource cheyandayya…This sector can employ another million people over the next few years if utilized properly..

nope instead it will cut jobs, pay them poorly and make profits to big bada babus.. every time they have losses they will increase commodity price... abd people will be left with nothing but to pay the price bada babus like adani , ambani decide.. so they can make more thatn thousand crores of profit in their pockets..and fund elections for parties supporting them.  

example The Adani Group won operating contracts for the previously government-run Ahmedabad, Guwahati, Jaipur, Lucknow, Mangalore and Thiruvananthapuram airports for 50 years in 2019.

as per rules one private organisation cannot run more than 2 airports, but they changed rule for mr.adani.

Non-aviation revenue (passenger fees, shopping, etc.) was also increased huge margin selling  way above msrp... since all the major airports are owned by adani, they assume its inflation.

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1 minute ago, coffee said:

nope instead it will cut jobs, pay them poorly and make profits to big bada babus.. every time they have losses they will increase commodity price... abd people will be left with nothing but to pay the price bada babus like adani , ambani decide.. so they can make more thatn thousand crores of profit in their pockets..and fund elections for parties supporting them.

Not really…it will get more investments into service sector. Yeah, lower wages is a matter of concern but at the same time you cannot pay lower wages for long as people will find other jobs. 
 

It will cut down on the burden on Indian Railways so that they can just concentrate on the things that matter the most like track up gradation and modernization.

IR even takes care of sweeper jobs at railway station, it’s lot of management. Look at irctc, generating crores and crores of cash every day. Services have to be the back home of Indian railways..

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