Green nod to set up 300 cargo terminals

A policy for long-term leasing of railway land to implement the PM Gati Shakti, has been approved by the Union Cabinet. The government said it will help set up 300 cargo terminals and generate 125,000 jobs. The policy, Union minister Anurag Thakur said, will help provide land lease for a period of up to 35 years as against five years presently. It will be implemented in the next 90-days, he told reporters after the Cabinet meeting. In a statement, the Centre stated the 300 cargo terminals have a potential to generate about 125,000 jobs, which will be developed in five years. “Liberalising the land leasing policy would open avenues for all stakeholders /service providers /operators to establish more cargo related facilities and render their participation assisting in generation of additional cargo traffic and freight revenues to the railways. The policy will help bring in more revenue to the railways,” it stated.