The Union Cabinet on Wednesday lowered the railway land license fee to 1.5% from 6% for certain usages. The lease period has also been increased to up to 35 years from presently 5 years.
This decision will speed up the sale of the Centre’s stake in Container Corporation of India.
The development is believed to be in line with NITI Aayog’s recommendation to keep the railway land leasing fee for containers below 3%.
