Land lease continuity for Rail landholders, more clarity for Concor sale

Latest Railways circular also offers details on various terms of the new 'land lease policy' approved by Cabinet last month; existing landholders can extend their lease for up to another 35 years

The Ministry of Railways in its latest circular has clarified several tenets of land management that can directly impact the lease terms of the Railways’ landholders, including divestment-bound Container Corporation of India (CONCOR).
 

The circular dated October 4 -- titled ‘Policy for Management of Railway Land’ — also offers details about various terms of the new land lease policy (LLF), which was approved by the Union Cabinet last month. It states that existing landholders can extend their lease for another 35 years. The circular has been reviewed by Business Standard.
 

Addressing the existing lease/licence holders of terminals/private sidings/private freight terminals,