Railway Board has decided to entrust all the stations on Indian Railways (except the ones already entrusted), to Indian Railway Stations Development Corporation limited (IRSDC), for undertaking Techno-economic Feasibility Study in accordance with the terms of the Cabinet approval communicated vide above referred Board's letter and the provisions of the Railways Act, 1989.

IRSDC is hereby assigned and authorized to undertake the preparation of the Techno-economic Feasibility Studies and associated schemes, studies, master plans and business plans, to undertake development/redevelopment of the said stations and associated railway land in conformity with the provisions of the Railways Act, 1989 and other applicable laws.

Development/redevelopment of the said stations (and associated development of Railway land for commercial use) would be undertaken by IRSDC, subject to it approaching Railway Board for entrustment of specific land and airspace, after finalization of the feasibility studies including preparation of Business Plan and Master Plan.

While preparing a business plan, IRSDC should ensure that the development of stations is cost neutral to Railways on an overall basket of identified stations proposed to be undertaken in a particular phase/ stage. Further, while carrying out studies and preparing requisite master plans, IRSDC shall closely interact with concerned Zonal Railway/ Division and local authorities and will also take into account the planning already carried out by them in this connection w.r.t. traffic circulation, multi-modal integration etc. IRSDC may take necessary action to collect relevant documents and other details from the relevant Zonal Railways.

However, MoR on case to case basis may also designate Zonal Railways / RLDA or any other Central Government agency as the Project Development Authority (PDA) and MoR may entrust stations directly to PDAs for station redevelopment.

All the sanctioned works/facilities under relevant plan heads for station redevelopment shall be incorporated in the overall scheme and planning of the redevelopment of stations. All the ongoing /sanctioned works at stations shall continue to be executed by assigned agencies. During the intervening period of station redevelopment, the new works will be carried out by Zonal Railways/ assigned agency in consultation with IRSDC. This issues with the approval of the Board (ME, CRB).