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Responding to a question from ET, Minister of Data and Broadcasting, Anurag Thakur mentioned that this has been achieved within the path of monetising railway land.
“Railway land was earlier leased for simply 5 years. Now the land might be leased for as much as 35 years. This can permit growth of extra everlasting buildings on the leased land,” he mentioned stating that these selections have been made with the intent of selling infrastructure and cargo terminals.
“There shall be an annual 6% increment within the land licensing charge,” Thakur added.
Railway land is presently leased out at an annual LLF equal to six% of the market worth of land. There’s a 7% annual increment within the LLF payable to the Indian Railways.
Thakur mentioned that the present entities utilizing railway land for cargo terminals could have the choice to modify to the brand new coverage regime after clear and aggressive bidding course of. He famous {that a} complete coverage doc shall be framed and carried out inside 90 days of cupboard approval.
This reducing of LLF is believed to be according to NITI Aayog’s suggestion to conserving it beneath 3%.
An official assertion mentioned that the event is for implementing the PM Gati Shakti Programme. The choice covers cargo associated actions, public utilities and railway’s unique use. The amended land coverage of the railway is supposed to simplify approvals for utilities as envisaged in PM Gati Shakti.
“This can assist in growth of public utilities like electrical energy, fuel, water provide, telecom cable, sewage disposal, drains, optical fibre cables (OFC), pipelines, roads, flyovers, however terminals, regional rail transport, and concrete transport in an built-in method,” the assertion mentioned.
Thakur mentioned that 300 PM Gati Shakti Cargo Terminals can be developed over subsequent 5 years and about 1.2 lakh employment can be generated. Permission for transferring Optical Fibre Cables (OFC) and different smaller diameter underground utilities (corresponding to water pipes) throughout railway traces might be granted at a one-time charge of Rs 1000. The coverage supplies for establishing of photo voltaic crops on railway land at nominal price. It additionally encourages growth of social infrastructure, corresponding to hospitals by means of public-private partnership and faculties by means of Kendriya Vidyalaya Sangthan on railway land at a nominal annual charge of Rupee 1 per sqm. each year.
“This can assist in attracting extra cargo to railways, improve railways’ modal share in freight transportation thereby decreasing logistics price of the business,” the assertion added.
