Ministry of Railways (MOR) as part of its policy of redevelopment of Railway stations across the country has entrusted Indian Railway Station Development Corporation (IRSDC) as the nodal agency for the work of redevelopment of the railway stations with modern passenger amenities along with exploitation of commercial development on leasehold rights on the vacant railway land and air space at the railway stations. IRSDC has appointed RITES as Project Management Consultant for redevelopment of Aurangabad Railway Station. To speed up the first phase redevelopment of 42 railways stations under the Rs 1 trillion programme, the government has now adopted a cluster approach by making five public sector companies in charge of each cluster.
The companies include RITES, Mecon, National Project Construction Corporation (NPCC), Engineering Projects (India) (EPIL) and Bridge and Roof Company (India) (B&R). Rites will be managing seven stations including 6 from Maharashtra and Gurgaon. RITES Ltd., a Government of India Enterprise was established in 1974, under the aegis of Indian Railways.
This approach is vital for completion of the station redevelopment programme as the project saw a lukewarm response from real estate players in previous tenders.