Success of Railways' asset monetisation plan can offer template for others

Critical contractual changes may help the long delayed plan to redevelop New Delhi Railway Station finally get off the ground and offer a template for similar projects

Of the 43,000 hectares of surplus land the Railways plans to release for commercial development, abo­ut 60 per cent of the size of Delhi city, the most watched one will be that for the re­c­on­struction of the New Delhi Railway Station.

The possible bidders include Arabian Construction Company, Adani Railways Transport, Kalpataru Power Transmission, GMR Highways and Omaxe. How this project pans out will also mark the apparent success or failure of the government policies for asset monetisation. Despite the attention airports receive, far more Indians travel on railways. The New Delhi station is the busiest in the country and