The Indian Railways is on track to kick-starting redevelopment of 19 railway stations in the country to world-class standards, having secured a Rs 2,600-crore credit line from its financing arm for the purpose.
The Indian Railway Stations Development Corporation (IRSDC), the nodal body for station redevelopment programme, will redevelop the identified railway stations on its own in the engineering, procurement and construction mode, said asenior railways ministry official.
“Private players can come in later and bid for the commercial area that would be made available at the stations. It will be similar to the National Building Construction Corporation model of reconstruction,” said the official, speaking on condition of anonymity. Read more
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