Habibganj Railway Station Redevelopment

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Bansal Pathways Habibganj project envisages the redevelopment of Habibganj railway station in Bhopal, Madhya Pradesh. The five-platform station, to be redeveloped from the existing station, will have six lifts, 11 escalators, three travellators and three subways, one of which will be dedicated for parcels. A consortium of Bansal Construction Works and Prakash Asphalting and Toll Highways has formed a special purpose company- Bansal Pathways Habibagnj Private Ltd to implement the project. Bansal Pathways Habibganj has been awarded the concession for the railway station (fixed assets) on a design, build, finance, operate and transfer (DBFOT) basis for a period of 8 years. The development agreement (DA) between Indian Railway Stations Development Corporation (IRSDC) and BPHPL (Developer) was signed on July 14, 2016 following a Swiss Challenge method competition. Along with the station redevelopment (mandatory project), the project company will undertake a further ancillary infrastructure development(i.e. commercial development project) with a concession period of 45 years. However, that one is not deemed infrastructure project and thus not accounted for in this report. Total cost for station redevelopment was reported at 100 crore ($14.6 million) and is being funded at 68:32 debt to ratio. Financial closure was achieved on 12th January 2017. Bansal Pathways Habibganj Private Limited (Factiva)