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Railways to offer 60-year relief period for stations’ revamp

Railways to offer 60-year relief period for stations’ revamp

Thursday, March 23, 2017, 10:10 AM

The Indian Railways will offer a 60-year concession period to make investing in station redevelopment more lucrative for private investors, the longest tenure for public-private partnership projects in the country. Private companies taking up redevelopment of railway stations will get the adjoining land to build malls, hotels and commercial complexes. The developer must modernise the railway station first and provide world-class passenger amenities.
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