IRSDC to raise Rs 5.41 billion loan for redevelopment of three stations

Indian Railway Station Development Corporation Limited is in the final stage of raising a loan of Rs 5.41 billion from the Indian Railway Finance Corporation (IRFC) for redevelopment of the Anand Vihar, Bijwasan and Chandigarh railway stations on an engineering, procurement and construction (EPC) basis. The redevelopment of the Anand Vihar and Bijwasan stations in Delhi and the Chandigarh station in Punjab will require investments of Rs 2.06 billion, Rs 3.1 billion and Rs 1.4 billion respectively.