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The project will be executed under the Engineering, Procurement, and Construction (EPC) model, with DEC Infrastructure Private Limited holding a 51% stake and HG Infra Engineering Limited holding the remaining 49%. The successful bid came in below the estimated cost of Rs 2,469 crore set by the Rail Land Development Authority (RLDA), making it a more cost-effective solution for this long-awaited infrastructure upgrade.
"H.G. Infra Engineering Limited jointly with D.E.C. Infrastructure & Projects (India) Pvt Ltd has been declared as L-1 bidder by the Rail Land Development Authority (RLDA), New Delhi in a Joint Venture bidding. The scope of work includes Redevelopment of New Delhi Railway Station and construction of associated Infrastructure on EPC mode," said the company.
One of the key challenges for the redevelopment lies in the revamp of the congested areas surrounding the station, including Ajmeri Gate and Paharganj, which are pivotal to the station's connectivity. The RLDA had faced several challenges in the past when tenders for the project were either dismissed or came in significantly over budget.
The ambitious plan for the redevelopment of New Delhi Railway Station was first proposed back in 2002-03 but failed to materialize due to financial constraints. Attempts to revive the project in 2008-09 also encountered administrative hurdles. In 2021, a public-private partnership (PPP) initiative was attempted, but the bids exceeded the RLDA's cost estimates, delaying progress further.
The RLDA had previously invited bids for the station redevelopment project in October 2024, with an estimated budget of Rs 4,700 crore. However, the tender was withdrawn in February 2024 after no suitable bids were received. Following this setback, the RLDA decided to divide the project into smaller phases and re-issue tenders, with the latest tender now set at Rs 2,469 crore.
The New Delhi Railway Station redevelopment is expected to revolutionize the station’s infrastructure, improve passenger amenities, and cater to the growing demand of one of the busiest transport hubs in India.
