Lease of 12 Railway Commercial Plots in Rawalpindi and Islamabad by REDAMCO

Railway Estate Development & Marketing Company (Pvt) Limited (REDAMCO), a subsidiary of the Ministry of Railways, invites electronic bids for lease rights over 12 Pakistan Railway land plots in Rawalpindi Division. Permitted purposes include mixed-use commercial development, shopping plazas or markets, corporate offices, retail outlets and factory outlets. The land is offered on an as-is, where-is basis. The lease period is 21 years, extendable for another 21 years, with an 8% compound annual increase in rent. The mobilization period is 24 months from possession, and building construction must comply with local construction bye-laws.

Plots 1, 2, 3, 4, 5, 6, 7, 8, 9 and 10 on City Saddar Road, Rawalpindi, each measure 18,142 square feet. Each plot carries bid security of Rs. 300,000, a non-refundable fixed commitment fee benchmark of Rs. 25 million and an annual rental benchmark of Rs. 3 million. The plot near Mareer Chowk, Rawalpindi, measures 8,162 square feet, with bid security of Rs. 200,000, a non-refundable fixed commitment fee benchmark of Rs. 20 million and an annual rental benchmark of Rs. 2 million. The plot near Margalla Railway Station, Islamabad, measures 25,200 square feet, with bid security of Rs. 800,000, a non-refundable fixed commitment fee benchmark of Rs. 70 million and an annual rental benchmark of Rs. 8 million. Areas are subject to actual measurement at possession.

Bidding follows the single-stage, two-envelope procedure, with offers against two variables: the one-time non-refundable fixed commitment fee and annual rental benchmarks. Eligible participants include firms, companies, individuals, individual consultants, sole proprietorships, partnership firms and private limited companies. Bidders must be registered with the Federal Board of Revenue for income tax and sales tax and must appear on the Active Taxpayer List.

Bidding documents containing detailed terms, conditions, specifications and requirements are available to registered bidders through EPADS v2.0 at https://epads.gov.pk/ under Disposal Activity ID D11262. Documents can also be downloaded from the PPRA website. The plot list and Google map are available at www.redamco.com. A separate bid and the applicable bid security in favour of REDAMCO are required for each plot. Incomplete or conditional bids and bids without the required security will be rejected.

The pre-bid meeting will be held on 26 October 2026 at 2:00 PM at REDAMCO Head Office, with participation also possible through Zoom. Electronic bids must be submitted through EPADS v2.0 by 2 November 2026 at 2:00 PM. Manual bids will not be accepted. Technical bids will be opened online on the same date at 2:30 PM at REDAMCO Head Office. EPADS will notify participating bidders of preliminary results, followed by final results under the bidding documents. REDAMCO reserves the right under PPRA Rules 2026 to reject all bids before acceptance or approval without liability.

For enquiries, contact the Manager Procurement at 0313-6601616 or 0302-5269452, telephone 051-9278717-20, or mp@redamco.com. REDAMCO's office is at 1st Floor, Corporate Office, Service Road (South), Sector I-11/1, Islamabad, Pakistan.