Title - Treating 50:50 Joint ownership Metro Rail Companies like DMRC at par with CPSUs for transfer of land

The Union Cabinet today approved the proposal for treating 50:50 Joint ownership Metro Rail Companies like DMRC at par with CPSUs for transfer of land. This will allow to transfer / 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.