Network Rail went to market today with its plans for multi-million pound redevelopments of Euston and Victoria stations.
The tender was published this morning in the Official Journal of the European Union.
The not-for-profit rail operator said it was seeking development partners for schemes that would see “huge improvements with better retail and transport facilities all funded by private investment”.
At the 15-acre Euston Station site, Network Rail said it envisaged a mixed-use development of up to 4.3m sq ft.
At Victoria, Network Rail is eyeing an 807,319 sq ft mixed-use redevelopment that would “enhance the Grade II listed structure and add to the already extensive passenger facilities”.
Network Rail said its ‘pre-qualification’ exercise would close on 16 January.
It will then shortlist around six interested parties before deciding upon the development partner for one or both of the projects.
Ian Coucher, Network Rail chief executive, concluded: “These projects are a great example of Network Rail leveraging private funds into the railway through its property assets.”
The redevelopments form part of a £4bn investment in upgrading its 2,500-strong station portfolio.
References: EGi News 13/12/05
