The Union Cabinet on Wednesday approved a policy for long-term leasing of railway land to implement the PM Gati Shakti programme, which the government said will help set up 300 cargo terminals and generate 125,000 jobs.
The policy, according to Union minister Anurag Thakur said, will help provide land lease for a longer period of up to 35 years as against five years at present. It will be implemented in the next 90 days, he told reporters after the Cabinet meeting.
In a statement, the central government said with an employment generation potential of about 125,000 jobs, the policy will help bring more revenue to the Railways. The cargo terminals, it added, will be developed over a period of five years.
