Lease of Commercial Railway Land in Peshawar and Karachi by REDAMCO

Railway Estate Development and Marketing Company (Pvt) Ltd (REDAMCO), a subsidiary of the Ministry of Railways, invites electronic bids for leasing Pakistan Railways land for medium-term commercial use through a public-private partnership. Bidding will follow the single-stage, two-envelope procedure through EPADS v2.0. Bidders must quote a one-time, non-refundable commitment fee and annual rental for the grant of lease rights.

The Peshawar Division property is Old GTS Adda, Peshawar, measuring 21,302 square feet. Its bid security is Rs. 2.5 million, the benchmark commitment fee is Rs. 150 million, and the benchmark annual rental is Rs. 12 million. The Karachi Division property is on Hoshang Road, Karachi, measuring 25,270 square feet. Its bid security is Rs. 1 million, the benchmark commitment fee is Rs. 300 million, and the benchmark annual rental is Rs. 30 million. A separate bid and bid security are required for each plot, in favour of Railway Estate Development and Marketing Company (Pvt) Limited.

Permitted purposes include mixed-use commercial development, shopping plazas or markets, corporate offices, IT parks, hotels, hospitals or healthcare, 3-S dealerships, retail outlets and food outlets. The lease period is 21 years, extendable for another 21 years. Annual rent will increase by 6% on a compound basis. The mobilization period is 24 months from possession, and building construction must comply with local construction bylaws. Properties are offered on an as-is-where-is basis, and their areas are subject to actual measurement at possession.

Interested firms, companies, individuals, individual consultants, sole proprietorships, partnerships and private limited companies may participate. Electronic bidding documents containing detailed terms, conditions, specifications and requirements are available to registered bidders through EPADS v2.0 at https://epads.gov.pk/. Documents can also be downloaded from the PPRA website. Plot details and Google maps are available at www.redamco.com.

A pre-bid meeting will take place on November 12, 2026, at 2:00 PM at REDAMCO Head Office, with attendance also available through Zoom. Electronic bids must be submitted through EPADS v2.0 by November 25, 2026, at 2:00 PM. Technical bids will open online the same day at 2:30 PM at REDAMCO Head Office. Manual bids will not be accepted. Incomplete or conditional bids and bids without the required security will be rejected. EPADS will automatically notify participating bidders of preliminary results, with final results communicated according to the bidding documents.

Under PPRA Rules 2026, REDAMCO reserves the right to reject all bids before acceptance or approval without incurring liability. For enquiries, contact the Manager Procurement at 0313-6601616, 0302-5269452 or 051-9278717-20, or email mp@redamco.com. The office is on the 1st Floor, Corporate Office, Service Road (South), Sector I-11/1, Islamabad.