The Minister of Railways, Dinesh Trivedi, has announced that Indian Railways will be setting up a new body looking after the redevelopment of stations across the country.
The Railway Stations Development Corporation Limited (RSDC) will be responsible for redeveloping a large number of stations across India with the primary objective of ‘augmenting and improving passenger related amenities at stations’.
The body will aim to meet the aspirations of rail users and to provide better facilities.
RSDC will be a special purpose vehicle with equity participation of Ircon International Ltd. (IRCON), a government owned company under the Ministry of Railways and Rail Land Development Authority (RLDA), a statutory authority under the Ministry of Railways.
The process of setting the new body has already started.
RSDC will redevelop stations as it will have a mechanism for constantly upgrading and maintaining the passenger amenities & facilities at stations to high standards. A need for a nodal agency having the required professional competence for undertaking such projects was felt.
IRCON has vast national and international experience of infrastructure projects as well as development of commercial, institutional, industrial and residential properties, while RLDA has the statutory mandate for commercial development of identified railway land and airspace for generation of revenues.