Live tv
search
  1. You Are At:
  2. English News
  3. Business
  4. PM Gati Shakti programme: Govt nod to policy on long-term leasing of railway land

PM Gati Shakti programme: Govt nod to policy on long-term leasing of railway land

PM Gati Shakti programme: The new policy will help provide in providing a land lease for a longer period of up to 35 years as against five years at present, Union Minister Anurag Thakur told the media after the cabinet meeting.

Abhro Banerjee Edited By: Abhro Banerjee @AbhroBanerjee1 New Delhi Published on: September 07, 2022 16:53 IST
The new policy will allow people to lease land for up to 35
Image Source : PTI The new policy will allow people to lease land for up to 35 years instead of five.

PM Gati Shakti programme: The Union Cabinet approved a policy for the long-term leasing of railway land for the PM Gati Shakti programme on Wednesday. The government said will help set up 300 cargo terminals and generate 1.25 lakh jobs through this policy.

The new policy will help provide in providing a land lease for a longer period of up to 35 years as against five years at present, Union Minister Anurag Thakur told the media after the cabinet meeting.

With an employment generation potential of about 1.25 lakh jobs, the policy will also bring more revenue to the Railways; 300 cargo terminals will be developed in five years. The new policy will enable the integrated development of infrastructure and more cargo terminals. 

The Gati Shakti - National Master Plan for Multimodal Connectivity was launched by Prime Minister Narendra Modi in October, last year. Gati Shakti -- a digital platform -- aims to bring 16 Ministries including Railways and Roadways together for integrated planning and coordinated implementation of infrastructure connectivity projects. 

Also Read: Budget 2022: FM Sitharaman highlights 7 engines to drive PM Gati Shakti

Latest Business News

Read all the Breaking News Live on indiatvnews.com and Get Latest English News & Updates from Business