Cabinet approves policy on long-term leasing of Railways land
RAILWAYS & METRO RAIL

Cabinet approves policy on long-term leasing of Railways land

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Ministry of Railway’s proposal to revise the railways’ land policy to implement PM Gati Shakti framework.

The revised railways’ land policy will enable integrated development of infrastructure and more cargo terminals. It provides for long-term leasing of railway land for cargo-related activities for a period up to 35 years @ 1.5% of the market value of land per annum. The existing entities using railway land for cargo terminals will have the option to switch to the new policy regime after a transparent and competitive bidding process. 300 PM Gati Shakti Cargo Terminals would be developed over the next five years. The policy also encourages the development of social infrastructure on railway land at a nominal annual fee of Rs 1 per sqm. per annum.

This will help in attracting more cargo to railways, and increase railways’ modal share in freight transportation thereby reducing the logistics cost of the industry and bringing more revenue to railways. It will simplify approvals for utilities as envisaged in PM Gati Shakti Programme. This will help in the development of public utilities in an integrated manner.

Also Read
CREDAI to set up $100 million proptech fund
RLDA to lease out 29,065 sq m land parcel in Sirsa

The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the Ministry of Railway’s proposal to revise the railways’ land policy to implement PM Gati Shakti framework. The revised railways’ land policy will enable integrated development of infrastructure and more cargo terminals. It provides for long-term leasing of railway land for cargo-related activities for a period up to 35 years @ 1.5% of the market value of land per annum. The existing entities using railway land for cargo terminals will have the option to switch to the new policy regime after a transparent and competitive bidding process. 300 PM Gati Shakti Cargo Terminals would be developed over the next five years. The policy also encourages the development of social infrastructure on railway land at a nominal annual fee of Rs 1 per sqm. per annum. This will help in attracting more cargo to railways, and increase railways’ modal share in freight transportation thereby reducing the logistics cost of the industry and bringing more revenue to railways. It will simplify approvals for utilities as envisaged in PM Gati Shakti Programme. This will help in the development of public utilities in an integrated manner. Also Read CREDAI to set up $100 million proptech fund RLDA to lease out 29,065 sq m land parcel in Sirsa

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code