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Proposal approved for treating 50:50 joint ownership metro rail companies at par with CPSUs

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ANI New Delhi

The Union Cabinet today approved the proposal for treating 50

This will allow to transfer and alienation of land, including defence land to Metro Rail Companies having 50:50 partnership between the Government of India and the State Government concerned, on the same pattern and terms and conditions as applicable to PSUs / Statutory bodies etc.

As per this decision, the on-going and future metro rail projects would be facilitated to get completed within the approved cost and time with subsequent project benefits to the people.

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First Published: Aug 08 2013 | 9:03 PM IST

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