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Station redevelopment plan: Railways circulate note on extending lease period to

The Indian Railways has circulated a draft Cabinet note to various ministries seeking comments on making significant changes -- such as extending the lease period from 45 years to 99 years -- in its ambitious station redevelopment programme

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New Delhi: The Indian Railways has circulated a draft Cabinet note to various ministries seeking comments on making significant changes -- such as extending the lease period from 45 years to 99 years -- in its ambitious station redevelopment programme. The note has been sent for inter-ministerial comment as the state-run transporter has, apart from the change in the lease period, proposed other crucial changes, including in who can bid for the projects. In July 2015, the Union Cabinet had approved a proposal to redevelop 400 railway stations using a contract method called the "Swiss Challenge" -- with a 45-year lease period.

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