Railways looks at commercial exploitation of its land
The railway ministry is also looking at leasing out the railway land to private companies who can set up food plazas, health centres and shopping complexes on the railway land.Updated: Feb 03, 2018 00:46 IST
In an attempt to increase the non-ticket revenue, the Central and the Western railways have been asked to identify railway land for commercial exploitation.
Railway officials will be submitting a list of railway premises, dilapidated railway buildings and area near stations belonging to the railway ministry. Union railway minister Piyush Goyal, aims to increase the non-fare revenue, particularly of the suburban railway network, said an official requesting anonymity.
He said Goyal spoke to the general managers of both Central Railway (CR) and Western Railway (WR) and asked them to submit a report of such locations. “Identification of structures, buildings, railway areas not in use, have begun,” he said.
Furthermore, the railway ministry is also looking at leasing out the railway land to private companies who can set up food plazas, health centres and shopping complexes on the railway land.
According to a Mumbai Rail Vikas Corporation (MRVC) study in 2014, owing to its limited commercial mandate and institutional complexities, the suburban rail system has not been able to tap any revenues from the commercial development of railway land parcels in the city.
It stated that commercial development of the area will require complying with various local acts and regulations.
The railways had earlier planned similar modification of 16 railway stations in the city which would have outlets for commercial purposes. Nothing tangible has been done yet.
First Published: Feb 03, 2018 00:45 IST