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Land transfer to metro rail firms

Railways & Metro Rail
September 1, 2013September 1, 2013
Land transfer to metro rail firms
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The Union Cabinet recently approved the proposal for treating 50:50 joint ownership metro rail companies like DMRC at par with CPSUs for transfer of land. This will allow to transfer/alienation of land including defence land to metro rail companies having 50:50 partnership between the Government of India and the state governments concerned, on the same pattern and terms and conditions as applicable to PSUs/Statutory bodies etc.

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