Closure of IRSDC approved ‘in principle’
The Competent Authority has now decided ‘in principle’ for closure of IRSDC, a 9-year old Joint Venture Company.
Indian Railway Stations Development Corporation Limited (IRSDC) was incorporated on 12.03.2012 as a JV between IRCON and RLDA to take up Redevelopment of Railway Stations.
Steps required to be taken for closure of IRSDC:
- The stations managed by IRSDC shall be handed over to respective Zonal Railways.
- All the projects related documents shall be handed over to respective Zonal Railways by IRSDC. Zonal Railways will further develop the stations projects.
- Examine other Contracts. Transfer (novate) the contracts to Zonal Railways.
All necessary procedural formalities for closure ofIRSDC should be initiated.
Stations under development by IRSDC:
Project in Planning
Now Zonal Railways will undertake the station development project — basically going back to the old system.
IRSDC has been working on over 60 railway stations and have been working to take up facility management along with overall redevelopment. Some of the projects are in very advance stage. IRSDC was setup as a nodal agency to develop stations by adopting simplified procedure.
Earlier issued general guidelines on IRSDC.
Also Read Indian Railways Policy on Development of Goods-sheds through Private Investment
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