Adani, GMR among firms in next round for Mumbai's CSMT rly station revamp

Redevelopment cost pegged at Rs 1,642 cr; project to be executed on design, build, finance, operate and transfer (DBFOT)-basis

Nine bidders have qualified to submit their proposals for the redevelopment of Chhatrapati Shivaji Maharaj Terminus Railway Station (CSMT) in Mumbai.

A statement from the Indian Railway Stations Development Corporation (IRSDC) said these are Adani Railways Transport, GMR Enterprises, Godrej Properties, Oberoi Realty, ISQ Asia Infrastructure Investments, Kalpataru Power Transmission, Anchorage Infrastructure Investments Holdings, Brookfield Infrastructure Fund IV, and Moribus Holdings.

The selected bidders have reached the Request for Proposal (RFP) stage. There were 10 bidders in the earlier Request for Quotation (RFQ) stage and Keystone Realtors is the only one that did not qualify.

It is estimated that the