AUCTION: Long Term Lease of Pakistan Railways Land at Mardan Railway Station for Mixed Use Commercial Development

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Railway Estate Development & Marketing Company (Pvt) Ltd (REDAMCO), a state-owned enterprise under the Ministry of Railways, invites sealed bids for the Long-Term Lease of Pakistan Railways land located at Mardan Railway Station. This auction concerns a prime parcel of 16.9 Kanals (338 Marlas) of railway land intended for the design, finance, build, operate, and transfer (DFBOT) of a modern mixed-use commercial complex. The lease term is 33 years, extendable for another term not exceeding the original period. Items being auctioned: - Long-Term Lease rights of 16.9 Kanals land at Mardan Railway Station The project scope includes the development of a mixed-use commercial complex comprising retail, offices, food courts, healthcare, hospitality, automotive showrooms, and allied commercial services. Bidders are required to prepare conceptual and detailed development plans, obtain all necessary approvals, and undertake construction and operation at their own cost and risk. The lease is offered as a single undivided parcel; subdivision or partial acquisition bids will be rejected. Eligibility criteria include valid registration with tax authorities, active taxpayer status, non-blacklisting, and relevant real estate development experience. The bidding process follows a Single Stage Two Envelope procedure with separate technical and financial bids. A bid security of PKR 10 million is mandatory with the technical bid. Key dates include a pre-bid meeting on 18 August 2026 at 2:00 PM at REDAMCO's corporate office in Islamabad. The bid submission deadline is 3 September 2026 at 2:00 PM, with technical bids opening the same day at 2:30 PM. Financial bids of technically qualified bidders will be opened later. Bidders must submit one original and one copy of bids in sealed envelopes. The highest combined score of technical and financial evaluation will determine the successful bidder. The financial evaluation includes premium payment and gross revenue share offers above reserved prices. A practical tip for bidders: Ensure all affidavits are executed on PKR 1,200 legal paper and notarized, and submit all documents sequentially with clear indexing to avoid disqualification. Early site visits and thorough due diligence are recommended to prepare competitive bids. This auction offers a unique opportunity to develop a landmark commercial project in Mardan with long-term revenue potential under a transparent and regulated framework.