Indian Railway Station Development Corporation (IRSDC) — which has been made the nodal agency for redeveloping stations – is likely to get a loan of ₹ 600 crore from Indian Railway Finance Corporation (IRFC). These funds will be used for Anand Vihar, Bijwasan and Chandigarh on engineering procurement contract (EPC) basis. Work on project will start by the end of this month.
IRSDC requires ₹ 7500 crore to develop 50 railway stations. It is working on various modes of developing these stations. That said, when it awards the stations for development to various developers, the present contracts will continue, Vishwesh Choubey, Member-Engineering, Railway Board, said.
From these 50 stations, for 43 stations, it has handed over the planning and project management consultancy work to four public sector enterprises. Read More