Public land around railway stations across 100 proposed Smart Cities is set to be monetised, following the inking of a deal between the ministries of Urban Development and Railways on Wednesday, to create model railway stations.
Around 300 to 800 acres of such land in every Smart City would be redeveloped to create integrated transport hubs, passenger amenities, residential areas, and commercial units. The project will later be extended to all the 500 cities under the Atal Mission for Rejuvenation and Urban Transformation.
Railway Minister Suresh Prabhu said several countries have expressed interest in being part of the project, including Germany, France and Japan.
Urban Development Minister Venkaiah Naidu said 10 stations would be redeveloped in the initial phase, including Sarai Rohilla (Delhi), Puducherry, Jaipur, Lucknow, Varanasi, Margao (Goa), Bhubaneswar, Kota, Thane and Tirupati.