Indian Railways is firming up plans to collaborate with Malaysia to redevelop about 20 rail stations in tier-II cities across the country. A long term partnership will be concluded with Malaysia on a government-to-government basis with this purpose.
The station redevelopment project envisages infrastructure revamp at platforms and circulating areas. It also entails commercial exploitation of station areas for constructing hotels, eateries, multiplexes, shopping malls and office complexes for the use of developers for a period of 45 years.
The long term partnership scheme for station redevelopment with Malaysia will be launched after getting Cabinet approval. Investment is estimated at Rs 100 bn (1.3 bn euros).
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