Cabinet approves policy on long-term leasing of Railways’ Land for PM Gati Shakti framework

The Union Cabinet today approved policy on long-term leasing of Railways’ Land for implementing PM Gati Shakti framework. Briefing media in New Delhi today, Information and Broadcasting Minister Anurag Thakur said, the policy will bring more revenue to Railways and generate about one lakh 20 thousand jobs. He said, three hundred PM Gati Shakti Cargo Terminals will also be developed over the next five years.

Mr Thakur said, this will also help in attracting more cargo to railways and reducing the logistics costs of the industry. He said, the revised railways’ land policy will enable integrated development of infrastructure and more cargo terminals. He said, the policy will provide for use of railway land at a nominal cost for setting up solar plants on railway land.