Adani, 9 others in race to bag redevelopment project of Mumbai CST station

Mumbai: Adani Railway Transport, GMR Enterprises, Godrej Properties, and Oberoi Realty are reportedly in fray for the redevelopment project for Mumbai’s Chhatrapati Shivaji Maharaj Terminus (CSMT) railway station.

Some of the other corporates to show interest in the project include ISQ Asia Infrastructure Investments, Kalpataru Power Transmission, Anchorage Infrastructure Investments Holdings, Brookfield Infrastructure Fund IV, Moribus Holdings and Keystone Realtors.

So far 10 players have applied to the Indian Railway Stations Development Corporation (IRSDC) for redeveloping the CSMT into a ‘City Centre Rail Mall.

IRSDC in a statement said the proposed project witnessed most interest in terms of the number of applications when compared other projects like Delhi Airport, Mumbai Airport, Navi Mumbai Airport, Goa Airport, Jewar Airport and other airports at Jaipur, Ahmedabad, Lucknow, Guwahati, Mangaluru, Thiruvananthapuram or railway stations.

The CSTM redevelopment project includes segregation of arrival and departure platform, development of divyang-friendly stations, better services for passengers and energy-efficient buildings among other features. The heritage site will also be restored to its 1930s levels. The redevelopment project aims to provide multiple access points for easy commute and a direct link to the suburban railway, harbour line, metro rail and commercial redevelopment.

“The CSMT railway station will function like a city centre rail mall where in addition to a passenger’s transportation needs, her daily needs will also be fulfilled, like retail, F&B, entertainment, souvenir shopping. The aim is that all daily needs are catered to by visiting the railway station thus avoiding unnecessary travel within the city,” IRSDC statement added.