<p>Bengaluru: <a href="https://www.deccanherald.com/tags/railways">Railway</a> station redevelopment work is expected to open up business opportunities worth Rs 30,000 crore in engineering, procurement, and construction (EPC) over the next two years, according to an analysis by Information and Credit Rating Agency (Icra) out on Monday.</p>.<p>A total of 1,318 railway stations by the Indian Railways are being considered for redevelopment under the Amrit Bharat Station Scheme (ABSS).</p>.<p>Among the stations being taken up for redevelopment, Uttar Pradesh has the maximum number (149 stations) followed by Maharashtra (126), West Bengal (94), Gujarat (87), Bihar (86), Rajasthan (82) and Madhya Pradesh (80).</p>.<p>Foundation stones have been laid for 553 stations and over Rs 20,000 crore of station redevelopment projects has been awarded till date.</p>.Parliament panel suggests constructing more freight corridors to increase railways revenue .<p>Order awarding is continuing to gain traction for railway station redevelopment.</p>.<p>Vinay Kumar G, Sector Head, Corporate Ratings, ICRA, said, “The competition, in traditional segments like roads and buildings, remains elevated and hence the railway station redevelopment provides business opportunities estimated at Rs 30,000 crore for construction companies to grow and derisk their businesses through diversification.”</p>.<p>Currently, the key awarded stations under the EPC mode include Mumbai (Chhatrapati Shivaji Maharaj Terminal), Ahmedabad, Surat, Prayagraj, Bengaluru Cantonment, Chennai Egmore and Secunderabad.</p>.<p>The awards for 765 stations are pending and some of the key stations like New Delhi, Pune, Borivali, Mumbai Central, Thane, Amritsar are yet to be awarded.</p>.<p>Earlier, the central government had envisaged the majority of station redevelopment projects under public-private partnerships (PPP). However, with limited PPP participation, the government reallocated station redevelopment work on the EPC mode in 2022. </p>.<p>To support this, the budgetary allocation increased by more than seven times from Rs 2,159 crore in financial year 2022-23 (FY23) to Rs 15,511 crore in FY25 budget estimates and is expected to remain at healthy levels in the medium term.</p>
<p>Bengaluru: <a href="https://www.deccanherald.com/tags/railways">Railway</a> station redevelopment work is expected to open up business opportunities worth Rs 30,000 crore in engineering, procurement, and construction (EPC) over the next two years, according to an analysis by Information and Credit Rating Agency (Icra) out on Monday.</p>.<p>A total of 1,318 railway stations by the Indian Railways are being considered for redevelopment under the Amrit Bharat Station Scheme (ABSS).</p>.<p>Among the stations being taken up for redevelopment, Uttar Pradesh has the maximum number (149 stations) followed by Maharashtra (126), West Bengal (94), Gujarat (87), Bihar (86), Rajasthan (82) and Madhya Pradesh (80).</p>.<p>Foundation stones have been laid for 553 stations and over Rs 20,000 crore of station redevelopment projects has been awarded till date.</p>.Parliament panel suggests constructing more freight corridors to increase railways revenue .<p>Order awarding is continuing to gain traction for railway station redevelopment.</p>.<p>Vinay Kumar G, Sector Head, Corporate Ratings, ICRA, said, “The competition, in traditional segments like roads and buildings, remains elevated and hence the railway station redevelopment provides business opportunities estimated at Rs 30,000 crore for construction companies to grow and derisk their businesses through diversification.”</p>.<p>Currently, the key awarded stations under the EPC mode include Mumbai (Chhatrapati Shivaji Maharaj Terminal), Ahmedabad, Surat, Prayagraj, Bengaluru Cantonment, Chennai Egmore and Secunderabad.</p>.<p>The awards for 765 stations are pending and some of the key stations like New Delhi, Pune, Borivali, Mumbai Central, Thane, Amritsar are yet to be awarded.</p>.<p>Earlier, the central government had envisaged the majority of station redevelopment projects under public-private partnerships (PPP). However, with limited PPP participation, the government reallocated station redevelopment work on the EPC mode in 2022. </p>.<p>To support this, the budgetary allocation increased by more than seven times from Rs 2,159 crore in financial year 2022-23 (FY23) to Rs 15,511 crore in FY25 budget estimates and is expected to remain at healthy levels in the medium term.</p>
