Excelsior Correspondent
JAMMU, July 18: Shareholders agreement for the functioning of Indian Railway Stations Development Corporation Limited (IRSDC), a joint venture company of Rail Land Development Authority (RLDA) and IRCON International Limited (IRCON), was signed by YP Singh, Vice Chairman RLDA and Mohan Tiwari, CMD IRCON at the IRCON’s corporate office today.
In the afternoon at a small function held at RLDA’s office the development agreement was signed by Anil Kumar Gupta, General Manager Railway Infrastructure, on behalf of RLDA, and SP Mahi, Chief Executive Officer IRSDC for development/re-development of railway stations on Indian Railways.
At present, with the approval of Ministry of Railways, five railway stations at–Chandigarh, Anand Vihar, Bijwasan (both at Delhi), Habibganj (Bhopal) and Shivaji Nagar (Pune) have been entrusted by RLDA to IRSDC for redevelopment that will involve modernization and up gradation of passenger amenities at these stations by raising finances through commercial development of railway land and air space at these stations.
IRSDC has already finalized master plans for all the five stations and is in the process of obtaining various approvals and clearances from railway and state authorities which will be followed by invitation of bids for appointment of developers.
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