The Indian government has announced a liberalized public land leasing policy for investors seeking to bid on rail-linked freight terminal projects. The policy update is part of New Delhi's flagship “Gati Shakti” scheme, designed to provide multimodal connectivity infrastructure support to various economic zones. Under this program, launched in 2021, the authorities are targeting to build 300 freight terminals over the next five years.
To encourage investment, the annual land license fee has now been lowered to 1.5% of the market value of the land, versus 6% previously. Additionally, selected bidders will have a 35-year lease tenure, instead of five years at present.
Source: container-news.com