The reconstruction of Smíchov station is divided into several stages. The first phase, which has already begun, will include the laying of part of the tracks and the footbridge over the entire track. The second stage, for which a construction contractor is now being looked, includes a complete reconstruction of the track, the restoration of three existing platforms and the construction of a new fourth platform, which will be used mainly by trains on the so-called Prague Semmering route, i.e. in the direction of Prague-Zličín and Hostivice.

The builders will also reconstruct the two existing underpasses and extend them under the entire station track. They will be built into the future parking house, whose investor is the capital city of Prague. Barrier-free access will be provided by lifts. The bridge over Nádražní Street will be a three-track bridge after the completion of the works, so that its capacity will correspond to that of the connecting, in the future also three-track railway bridge at Výton. The works will also include the construction of a new footbridge to Radlická Street, which will also allow access to individual platforms and a connection to the new district created as part of the Smíchov City project.

Another immediately related project will be the construction of the modern Smíchov terminal, which is also being prepared by the Prague City Council. The Railway Administration plans to start the reconstruction of the Smíchov station building in 2026. The implementation of the Prague-Smíchov railway station reconstruction is approved for co-financing by the European Union from the Connecting Europe Facility (CEF).