Modernization of Railway Stations in India:A Case for Public-Private Partnership with Special Reference to New Delhi Railway Station

Though not a new paradigm, Public-Private Partnership (PPP) is still in its infancy as a model for development in India. However, the newly obtained economic dynamism in the wake of liberalization and globalization has prompted Indian policy makers to consider PPP to expedite the process of development by redeveloping large public properties mostly located in the heart of almost every city in India. Many such projects are in the planning stage and it is in this context this case study is prepared on the New Delhi Railway Station to highlight the benefits that can be achieved by redeveloping it through PPP. The very fact that such a huge volume of development cannot be supported by public fund alone necessitates a serious consideration for PPP model. This case is an analysis of how a PPP model can be implemented to redevelop the railway station situated in the prime location of India’s capital, New Delhi. The most important aspect of PPP is that it ensures benefit for all the stakeholders, namely, government, private partners and public at large.