Indian Railway stations Development Corporation which is the second-largest organization under the Ministry of Railways to be shut down. The board has ordered that all necessary procedural formalities should be initiated for the closure of IRSDC.
Based on the recommendation of Principal Economic Advisor of Finance Ministry Sanjeev Sanyal for rationalization of railway bodies by closing down or merging multiple organizations, the Indian Railways has ordered to dissolve Indian Railway Stations Development Corporation (IRSDC), a letter issued by the Railway Board said on Monday.
Stations that are under IRSDC should be handed over to their respective Zonal Railways ab the projects related to that. The Zonal Railways will further develop the respective station projects.IRSDC is the second organization under the Ministry of Railways to be shut down after the closure of the Indian Railways Organisation for Alternative Fuel (IROAF) on September 7, 2021.
Among various station development projects including the redevelopment of 63 stations, IRSDC was also involved in the redevelopment of the Chhatrapati Shivaji Terminus in Mumbai.IRSDC is at the core of Indian Railway’s mission of transforming the country’s railway stations into world-class 24×7 hubs and is the nodal agency as well as the main Project Development Agency (PDA) for the redevelopment of Railway stations.
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