The railways infrastructure company aims to upgrade the station facilities for passengers and build a landmark mixed-use development in the airspace above the station car park.
A notice has been issued in the Official Journal of the European Union seeking interested developers to draw up a scheme on the adjacent 1.85 acres site.
All proposals will be required to include enhancements to the station, and can be extended to include other land not owned by Network Rail adjacent to the site.
The deadline for responses will be January 2011 with those shortlisted invited to make detailed scheme submissions. It is anticipated that final developer selection will take place in June 2011.
David Biggs Network Rail’s director of property said: “Network Rail is committed to improving the railway for passengers and getting value for money. By teaming up with a developer we can transform Glasgow Queen Street in a cost-effective way.
“Working in partnership with commercial developers allows us to make the most of our unique station locations and bring maximum benefits to passengers.
“The successes we’ve already had with other developments at our stations, such as Cannon Street station in London, are a shining example of the real and tangible benefits and results these partnerships can deliver.
“The end result of this development partnership will be a new station for passengers, and a new landmark building in the heart of the city of Glasgow.”