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Railways have in place policy on commercial utilization of railway land and air-space. As per this, the Railways put its vacant land/air-space for various commercial users like plantation, pisciculture, way-leave etc. Some sites, where potential exists are also taken up for property development through transparent bidding procedure. The land is also given on long lease to Govt. Departments/Public Sector Undertakings. Apart from commercial development of railway land/air-space, the vacant railway land which is not required for immediate operational and maintenance purpose, is utilized for short term licensing for purposes connected with railway working (e.g. bulk oil installations, sidings, commercial plots etc.)
Total revenue earned by Railways during the last three years from land including property developments is given below zone-wise.
Amount in Rs.’000 (in thousands)
Railways
2002-03
2003-04
2004-05
(Upto Jan.’05)
Central
113290
101384
84016
Eastern
81930
64716
39896
East Central
*
1520
3792
East Coast
*
15394
51397
Northern
349463
301521
592447
North Central
*
15914
19806
North Eastern
31681
57665
19251
Northeast Frontier
27302
81296
44821
North Western
*
66017
71716
Southern
126685
177396
145479
South Central
37275
74278
68934
South Eastern
50575
32830
17353
Southeast Central
*
21461
10059
South Western
*
11181
18946
Western
12974
50552
42172
West Central
*
275
18653
Metro
2973
767
0
TOTAL
834148
1074167
1248738
* Booking under these New Railways started from 2003-04.
A target of Rs. 150 crore was kept for the year 2004-05.
The above information was given by the Minister of State in the Ministry of Railways Shri R. Velu in a written reply to a question in the Lok Sabha today.
HB:BKS:CKB
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