Why was Irsdc created?
Table of Contents
Why was Irsdc created?
To undertake projects for development of real estate on Railway/ Government land and its commercial utilization as may be required in connection with development of railway stations.
Who maintains railway stations in India?
Indian Ministry of Railways
Indian Railway Stations Development Corporation Limited (IRSDC) was a special purpose vehicle owned by the Rail Land Development Authority (RLDA), Ircon International and RITES. All three companies are owned by the Indian Ministry of Railways….Indian Railway Stations Development Corporation.
| Type | Special purpose vehicle |
|---|---|
| Owners | RLDA (51\%) IRCON (26\%) RITES (24\%) |
Who is the head of a railway station in India?
List of railway stations in India
| Rail Bhavan, New Delhi | |
|---|---|
| Type | Government |
| Headquarters | New Delhi , India |
| Area served | India |
| Key people | Ashwini Vaishnaw (Minister of Railways) Raosaheb Danve, Darshana Jardosh (Ministers of State for Railways) Vinod Kumar Yadav (Chairman, Railway Board) |
Who is Railway MoSR?
as under:- i) MR – Minister of Railways, and ii) MoSR – Minister of State of Railways.
What is the role of IRSDC in station redesign?
The government has approved IRSDC as the nodal agency for station redevelopment in the country. Furthermore, to address the concerns on clearances, IRSDC is already established to offer a single-window clearance in terms of approval of the master plan and building plans under section 11 of the Railway Act, 1989.
Presently, the authorized share capital of IRSDC is Rs.100 crores and the paid-up share capital is Rs. 40 crores. The main objects of the Company as enshrined in its Memorandum and Articles of Association are:
Can IRSDC provide single-window clearance for master plan approval?
Furthermore, to address the concerns on clearances, IRSDC is already established to offer a single-window clearance in terms of approval of the master plan and building plans under section 11 of the Railway Act, 1989. No change in land use is required pan-India.
What is the future of the IR redevelopment programme?
The entire station redevelopment programme is supposed to be cash neutral to the IR and as of now, 50 stations are targeted to be bid out by March 2021. These 50 stations account for almost a quarter of the total footfalls across the IR each day.