Indian Railways has decided to develop at least 10 major stations of Metro Cities and important junctions to international standards with state of the art modern facilities and passenger amenities through Public Private Partnership (PPP) mode.
Stations to be redeveloped are to be identified based on adequacy of land, redevelopment cost, expected returns from real estate development, capacity of approach infrastructure to handle enhanced traffic, etc.
A dedicated organization, Indian Railway Stations Development Corporation Ltd. (IRSDC) has been set up to undertake such station redevelopment projects.
Such projects require detailed techno-economic feasibility studies and statutory clearances from local authorities. Though Railways have been making sustained efforts towards expediting various issues, no targets can be indicated.
This information was given by the Minister of State for Railways Shri Manoj Sinha in written reply to a question in Rajya Sabha today.