Making India's Infrastructure Better: The New Railway Land Leasing Rules

In a major step towards accelerating infrastructure development in India, the Union Cabinet recently approved a revised policy for long-term leasing of land by railroads.The plan is an important step towards making railroads a major contributor to the economy.

Under the decision, railroad land can be leased for a longer period of 35 years, instead of the current 5 years, and the interest rate on the lease of such land will be reduced to 1.5% of the market value, instead of the current 6%.

https://www.jaagrukbharat.com/Making-Indias-Infrastructure-Better-The-New-Railway-Land-Leasing-Rules-NzUw

 

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