Swati gives plan of railways real estate to overcome deficit
Federal Minister for Railways Azam Swati Saturday come with a new plan of the railways real estate to overcome the deficit of it.
According to the 24News HD TV channel, working on the plan, the railways officials had completed a data of as many as 25 sites of the department across the country.
The minister had given a responsibility to prepare a feasibility report of railways real estate to the Chief Executive Officer (CEO) of the Railways Constructions Pakistan Limited (Railcop).
While the Railway Estate Development and Marketing Company (Redamco) would work on the legal and managerial aspects of the real estate plan.
Railways department would make the real estate plan keeping in view the commercial and residential areas and Director General of the Railways Property and Land would resolve the issues related to such properties.
The sources said that the purpose of such a plan was to recover the land from the land-grabbers and utilize it for business to enhance the departmental revenue.
Reporter: Saeed Ahmed Saeed