In continuation of its efforts to resize railways, the Railway Board issued an order shutting down the Indian Railway Stations Development Corporation (IRSDC) which was created for the redevelopment of stations across the country. It is the second organization under the Ministry of Railways to be closed after the closure of the Indian Railways Organization for Alternative Fuels (IROAF) on September 7, 2021.
The step is to accept the recommendation of the Ministry of Finance, which in a report recommended the rationalization of government agencies either by closing them or by merging several organizations under different ministries.
The order issued by the Railway Board late Monday said that stations operated by IRSDC will now be handed over to the respective zonal railways and the company will forward all documents related to the project to them for further development.
Among several other projects, IRSDC, which was established in March 2012, participated in the tendering process for the redevelopment of the Chhatrapati Shivaji terminus in Mumbai.
The IRSDC recently launched a call for tenders for the installation of a “railway arcade” in the stations of Chandigarh and KSR Bengaluru. He had also announced his intention to undertake the management of the facilities of 90 railway stations in southern India.
The report prepared by Senior Economic Advisor Sanjeev Sanyal also recommended the merger of Rail Vikas Nigam Limited (RVNL), which implements projects related to the creation and increase of rail infrastructure, with the Indian Railway Construction Limited (IRCON), a specialized infrastructure construction organization.