Indian Railways is planning to collaborate with Malaysia to redevelop around 20 stations in Tier II cities in the country.
The project aims to attract Rs 1 lakh crore investment from private sector. It will focus on revamping of the platforms and circulating areas.
The project will also explore possibilities of station areas for constructing hotels, eateries, multiplexes, shopping malls and office complex among others for the use of developers for a period of 45 years.
In the first phase, 23 railway stations will be redeveloped. This includes Howrah station, Mumbai Central, Pune, Thane, Visakhapatnam, Kamakhya, Jammu Tawi, Udaipur City, Secunderabad, Vijaywada, Ranchi, Kozhikode, Yesvantpur, Bangalore Cantt, Bhopal, Bandra Terminus, Borivali and Indore.
Malaysia is bidding for 23 Indian Railway stations.
Winning bidder will hold the rights for commercial exploitation of the land for a period of 45 years. Railways will own the land though.