Railways To Take Over Commercial Rights From October 16, Other Formalities To Continue Till Month-End
Mumbai: The transfer of Navi Mumbai’s railway stations from CIDCO to Central Railway will also shift control over their commercial revenue streams, with Railways set to take over advertisement, hoarding and pay-and-park arrangements at the 14 stations from October 16. The move follows CIDCO’s formal handover of the stations to Central Railway on Friday, completing the transfer of all 17 stations…
The Central Railway will take over commercial rights, including advertisement, hoarding, and pay-and-park arrangements, at 14 Navi Mumbai railway stations from October 16. This transfer follows CIDCO's formal handover of the stations to Central Railway on August 14, completing the transfer of all 17 stations developed by the planning agency.
The commercial component is significant as CIDCO had developed several stations with commercial office complexes directly associated with the platforms, which helped cross-subsidise the infrastructure costs involved in developing Navi Mumbai's railway network.
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