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…
From October 16 onwards, the commercial rights of 14 Navi Mumbai railway stations will be transferred from CIDCO to Central Railway. This move includes advertisement, hoarding, and pay-and-park arrangements at the stations. The transfer of the 17 stations, developed over three decades, has been completed, with the first three stations handed over in June 2022.
CIDCO must provide Central Railway with the details of existing agreements by October 15, and the handover of commercial rights will commence on October 16. The transfer involves not only station buildings and operational assets but also associated commercial rights. Central Railway will also take over water, power, and sewage connections, as well as housekeeping, pay-and-use toilets, and dewatering pumps, by October 31.
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