PR earns over Rs 81m by leas­ing out rail­way land in KP

The Pak Banker - - NATIONAL -

Pak­istan Railways has earned Rs 81.724 mil­lion by leas­ing out unuti­lized land of the rail­way avail­able on Mar­dan-Dar­gai sec­tion, Khy­ber Pakhtunkhwa ( KPK) for var­i­ous pur­poses dur­ing the last five years.

The rail­way land was leased out on both the short and long term ba­sis, of­fi­cial sources in the Min­istry of Railways told APP on Mon­day.

Giv­ing break-up, they said, the land was leased out for agri­cul­ture at Rs 0.204 mil­lion, park­ing at Rs 0.29 mil­lion, stack­ing at Rs 2.44 mil­lion and tehbazari at Rs 6.45 mil­lion.

The lease in­cluded shops at Rs 1.96 mil­lion, cat­tle fares at Rs 0.64 mil­lion, row for the con­struc­tion of fly­over at Takht Bhai at Rs 0.55 mil­lion, build­ings at Rs 2.715 mil­lion and goods shed at Rs 2.937 mil­lion be­sides giv­ing land for other com­mer­cial ac­tiv­i­ties at Rs 63.536 mil­lion.

The avail­able rail­way land is leased out in a trans­par­ent man­ner through open pub­lic auc­tion by fix­ing bench mark/re­serve price of auc­tion af­ter eval­u­a­tion, they added.

They said the en­tire sec­tion be­tween Mar­dan-Dar­gai Rail­way Sta­tions was free from any unau­tho­rized oc­cu­pa­tion and en­croach­ments.

In case of any tem­po­rary en­croach­ments like hand carts, wheel bar­rows etc these are im­me­di­ately han­dled ef­fec­tively by car­ry­ing out clean-up op­er­a­tions in co­or­di­na­tion with the Dis­trict Ad­min­is­tra­tion, the sources said.

They said that at present, 357.20 acres of rail­way land ex­ists over Mar­dan- Dar­gai sec­tion hav­ing worth of Rs. 1412.00 mil­lion ap­prox­i­mately.

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