Indian Railways Set To Earn Thousands of Crores Through Utilizing Unused Land Parcels

Indian Railways Set To Earn Thousands of Crores Through Utilizing Unused Land Parcels

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Date Of Post: 07 May, 2018

New Delhi: Nearly 12,066 acres of surplus land of railways are now up for grabs. The national transporter has written to 13 states asking them to either buy or exchange these land parcels for developmental projects.

More Information:

  • A letter written by the Railway Board last month to the chief secretaries of West Bengal, Gujarat, Tamil Nadu, Jharkhand, Punjab, Madhya Pradesh, Maharashtra, Odisha, Karnataka, Uttar Pradesh, Karnataka, Chhattisgarh & Assam, stated that they send in proposals to use these land parcels which have remained unused.
  • These land parcels can be used by the state governments for construction of highways, roads or any other useful purpose.
  • The letter said,”The amount payable for the land will be in all cases be its market value on the date of transfer… The land can also be transferred to the state government on the basis of exchange of land with state government land which may be useful to the railways on equitable cost basis.”
  • Also, most of these land parcels were acquired by it as part of its uni-gauge policy to improve connectivity, railways said.
  • It said, in areas where the conversion from meter or narrow gauge to broad gauge has been carried out taking detour from the existing gauge either due to technical requirement or request from state governments, land at such locations of abandoned alignment of narrow/meter gauge section has remained unused.
  • Railways is in possession of some land in Uttar Pradesh, Maharashtra and Assam for more than 100 years, according to the details of the land parcels enclosed in the letter.
  • Railway is set to earn thousands of crores if state governments decide to utilise the land earmarked in their areas, sources said.
  • The Board has asked states to send their proposals to the Divisional Railway Manager in case they have a need for such land parcels.

Image Credit: Challiyan at Malayalam Wikipedia


Author:

Narinder Sharma is a part of the content team of Rail Analysis India as a writer and marketing executive.
His interest is in the Railways , Metro and Transportation Sector of India .
Please reach us at editor@railanalysis.com for more information .


 

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