Blog Entry# 2046791
Posted: Nov 03 2016 (16:11)
Last Response: Nov 03 2016 (16:11)
Nov 03 2016 (10:04) Freight corridor land cost increases 75%
Anurag WAPAHOLIC~ 846 news posts
The dedicated railway freight corridor has finally managed to award all contracts for the Dadri-Mumbai link over 11years after the flagship infrastructure project was announced. But on the eastern front -that will connect Ludhiana with Dankuni in West Bengal -nearly 10% of the land, which is close to 450 hectare, is yet to be acquired even as funding has now been tied up.
For the Rs 81,450 crore project, land acquisition and clearances have been the biggest headache so far. The project needed around 11,600 hectare -6,000 hectare for the western and 4,587 hectare for the eastern stretch. While it was battling court cases and arbitration, a third blow came by the way of the new land acquisition cost, which pushed up...
Nov 03 2016 (16:11)
For Better Managed Indian Railways~ 1933 blog posts
Earlier, the govt. land rates were a fraction of market rates. During boom of late 90d ans 00s, a large number of land dealings and registration gave tremendous revenues to state govts. In an effort to maximise this revenue, official rates of land has been jacked up by the State Govts to such an extent that they are higher than the actual market price. As a result the number of land dealings have drastically reduced and so is the revenue to the state govts. (Similar case to to Flexi-fare scheme). To day nobody want to buy and register and land in pockets where official price is much higher than market price, unless absolutely essential.
As a result the new infrastructure projects are...
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