Wednesday, August 10, 2022

Tatanagar Railway Station to be privatised

Jamshedpur, June 14: Tatanagar Railway Station will soon be privatised. In the second list of the railway board, Tatanagar and other stations under South Eastern Railway zone will be part of the privatization project. In one of its largest Public Private Partnership (PPP) projects, the Central government has decided to privatize 23 railway stations of the Indian Railways in the first list.

The list of stations include Lokmanya Tilak (T) Mumbai, Thane, Pune, Vishakhapatnam, Howrah, Bangalore Cantonment, Jammu Tawi, Faridabad and two stations of Uttar Pradesh. These stations will be auctioned and 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. In the new list of the railway board, more than 20 ‘A plus’ and ‘A grade’ stations of the 16 zone will be part of the project.

Ahead of the privatization, the valuation of assets at Tatanagar has started and the officers of the South Eastern zone on the pretext of inspection are involved in privatization work. Railway board on April 5 released a list of Ranchi and Howrah along with 23 big stations and the tender work will be done by August 31.

Railways will take care of ticketing, security, parcel service and running of trains after privatization. For security, private companies will also appoint security guards at various points of the station.

The financial model for programme has been worked out in a way that the government doesn’t incur any expenditure as the developer will be rebuilding the stations and maintaining it for 15 years. In return, the developer will be granted 45 years’ leasing rights for the commercial properties developed at these stations.

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.

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