The first step has been taken towards privatisation of the Udaipur Railway Station. Indian Railway Station Development Corporation Limited (IRSDC) has invited Request for Qualification (RFQ) for an overhaul and renovation of the existing Udaipur City Railway Station. The aim of the IRSDC is to redevelop the railway station of the most sought after tourist destinations in India and equip it with state-of-the-art facilities in the form of a modern railway station. The renovation and overhaul design has been done to make it look more like an international airport.
Under principles of Transit Oriented Development (TOD), the station will be renovated as per Design Build Finance Operate Transfer (DBFOT) model. The duration of concession to the contractor will be 60 years. The contractor will be responsible to ensure that the premises are well maintained and developed from time to time. The contractor will also have the right to collect revenue from passengers and other users of the Railway Station. that it will be the right to collect revenue from station users and commercial development from station users and commercial development. Total area for compulsory development is 4,98,115 sqm and the building area (estate) is 1,01,374 sqmt for the development of the station.
Udaipur Railway Station is located in the city center. It comes under the Ajmer Division of the North Western Railway Zone of Indian Railways and provides services to about 16,465 passengers per day. It is surrounded by residential areas in the south-east and north-west, institutional areas in south-west in the north-west. The main station is on the building station road, while on the other hand is a Tekri Road. There are five platforms connected through two Foot Over Bridges (FOB). The main objective of the redevelopment plan is to defragment the available land around the station for economic activities for the local populace. A design plan has been prepared to connect with businessmen accordingly.
Udaipur Railway Station is one of 125 railway stations that have been selected for redevelopment by the Government of India. Out of this, IRSDC is working at 63 stations and Rail Land Development Authority (RLDA) with 60 stations. According to the current estimates, the total investment required for redevelopment of 125 stations along with Real Estate Development is more than Rs. 50,000 Crores.
Indian Railway Station Development Corporation Limited (IRSDC) is a joint venture of RLDA, IRCON and RITES. IRSDC is at the forefront for redevelopment of railway stations under the Indian Railwaysand is thus the Nodal Agency and Chief Project Development Agency (PDA) for such. These redistributed railway hubs will be called RAILOPOLIS, because it will attract investment and business opportunities.