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Land monetisation lessons: Canadian firm could be model for unlocking land

In the Union Budget, Finance Min­i­s­ter Nirmala Sitharaman had outlined the government's intent to monetise surp­lus public lands by way of direct sales, concessions or other means

CN Tow­er, toronto, canada
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CLC, a federal Crown corporation, was formed over 25 years ago to monetise and ensure the commercially orien­ted orderly disposition of surplus government lands and building assets | Photo Courtesy: CN Tower

Indira Kannan Toronto
A landmark feature of Toronto’s skyline, the 1,815.5-ft-tall CN Tow­er, is recognised around the world and has attracted millions of visitors eager to experience its EdgeWalk, glass floors and panoramic views. Far less familiar is Canada Lands Company, or CLC, a self-financing state-owned corporation that owns and manages the famous tower (pictured).

The Canadian company is now drawing attention in India as a possible model for the monetisation of land assets held by various government entities. In the Union Budget, Finance Min­i­s­ter Nirmala Sitharaman had outlined the government’s intent to monetise surp­lus public lands by way of direct sales, concessions or

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First Published: Mar 18 2021 | 6:10 AM IST

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