New delhi, Aug. 25 -- State-owned Indian Railway Stations Development Corp. Ltd (IRSDC) on Monday said that government of India backed National Infrastructure Investment Fund (NIIF) has evinced interest to redevelop and transform Mumbai's Chhatrapati Shivaji Maharaj Terminus railway station.

Managing Director and Chief Executive Officer of IRSDC SK Lohia said that a high-level committee comprising officials from NITI Aayog, finance ministry, law and railway ministry gave in-principle approval earlier this month for the redevelopment of Mumbai's Chhatrapati Shivaji Maharaj Terminus railway station on a public private partnership (PPP) mode. The tender was floated on 20 August.

The redevelopment cost of the station - mandatory cost - incl...