India's largest engineering and construction company, L&T (Larsen & Toubro ) plans to start the process of upgrading a railway station at Seawoods in Navi Mumbai over the next two months. Navi Mumbai is one of world's largest planned cities with an estimated population of 30 lakh and is expected to grow to 50 lakh within 5 years.
The L&T's construction arm would build the station and L&T Realty would own it. The project would include development of a commercial complex. The railway station would cost around Rs1,500 crore.
The project is part of the ministry of railways' (MoR) programme to redevelop major stations into world-class facilities under the public-private partnership. MoR plans to execute these projects in partnership with private sector firms by leveraging the real estate development potential in the air space above the station and on railway land around it.
The project has six-stage and we will take 3 to 4 years to execute it. L & T were waiting for the land to be handed over.
The L&T's construction arm would build the station and L&T Realty would own it. The project would include development of a commercial complex. The railway station would cost around Rs1,500 crore.
The project is part of the ministry of railways' (MoR) programme to redevelop major stations into world-class facilities under the public-private partnership. MoR plans to execute these projects in partnership with private sector firms by leveraging the real estate development potential in the air space above the station and on railway land around it.
The project has six-stage and we will take 3 to 4 years to execute it. L & T were waiting for the land to be handed over.
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