Very good news.
It is a thought provoking matter that such a huge investment is much more desired in the core area of Indian Railways like additional railway lines in and around Surat which are saturated, removal of all the level crossing by building under/over bridges, improvement of track structure & track geometry, latest signalling systems so as to:
(1) operate more trains speedily, punctually & safely on the route
(2)...
more...

satisfy the freight customers by providing wagons/ rakes on demand,
(3) provide every passenger aseaton demand
(4) help lower the logistic cost and prop the Indian Economy by regaining the traffic lost to rail & air in last 6 decades
(5) help conserve environment & energy as rail movement is more environment friendly and less energy intensive than air./roadmovement
Through the involvement of private sector, Rs 5000 crore Rs can be invested in a make over of station. imagine what kind of investment shall come if more sectors are opened up to them.