Railways Mulls Land-pooling With States To Boost Station Re-Development

Railways Mulls Land-pooling With States To Boost Station Re-Development
Indian Railways’ ambitious plan for the re-development of 400 stations for commercial use at an investment of about Rs 1 lakh crore is set to get a fresh lease of life as state governments are joining the initiative through a unique land-pooling method.
As per the plan, Railways will tie-up with the concerned state governments to pool their nearby unused land as part of the station development programme by forming joint ventures.

“We are in an advanced stage of discussions with some states in this regard. If this works out, Railways’ land will be pooled with state government land and will be used for commercial purposes. It will be on a revenue-sharing model,” said a senior railway official.

The re-developed stations will provide amenities like digital signage, escalators, self-ticketing counters, executive lounges, restaurants, malls, theatres and  Wi-Fi facility. Read More…

 

 

Credit By: Business Standard

 

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