Proposal approved for treating 50:50 joint ownership metro rail companies at par with CPSUs

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ANI New Delhi
Last Updated : Aug 08 2013 | 9:05 PM IST

The Union Cabinet today approved the proposal for treating 50

This will allow to transfer and alienation of land, including defence land to Metro Rail Companies having 50:50 partnership between the Government of India and the State Government concerned, on the same pattern and terms and conditions as applicable to PSUs / Statutory bodies etc.

As per this decision, the on-going and future metro rail projects would be facilitated to get completed within the approved cost and time with subsequent project benefits to the people.

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First Published: Aug 08 2013 | 9:03 PM IST

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