Thursday, August 5, 2021

Indian Railways takes a giant leap in Station Redevelopment program

Indian Railways has made a giant leap in the Station Redevelopment program.

With the inauguration of Gandhinagar Capital Railway station by Prime Minister Narendra Modi on 16 July, India will now have a first of its kind project which is set to offer modern services to the Nation.

Redevelopment of the Gandhinagar Capital railway station will uplift the economy of Gandhinagar city, by acting as a city booster to create an investment cycle and job opportunities for people.

This unique project has been taken up in partnership with the Govt of Gujarat and Ministry of Railways through Indian Railway Stations Development Corporation, IRSDC, forming a joint venture company named Gandhinagar Railway and Urban Development Corporation or in short, GARUD.

It will also propel similar development in land stressed cities like Mumbai and Bangalore, wherein, work on the redevelopment of 125 stations is already in progress. Out of this, IRSDC is working on 63 stations, and RLDA is working on 60 stations with two stations being taken up by zonal railways.

The total investment for the redevelopment of 123 stations along with real estate development is more than Rs 50,000 crore.

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