Chennai: New land policy has been introduced by the Chennai Government for which notification has been issued on January 16. According to this new land policy, lease period for public and private institutions will be increased and government will allow longer lease periods for public and private institutions on port land. This will allow Chennai port to make good revenue through these leases of lands.Chennai Port Trust release said that it needs a lot of investment on container-handling and infrastructure development which will be done on more than 200 acres land situated outside the port. The notification on the policy will help the government to restore long term projects like marina for luxury yachts and other activities.According to the new policy, Chennai Government will allow leasing periods up to 30 years for investors on port land. Atulya Mishra, Chennai Port Trust Chairman said that the new policy will give confidence to the investors to set up their infrastructures on these port lands. The Authority is also expecting new proposals from various vendors for these lands.Old land use policy allows only short-term licenses for the land use, and many ports across the country have been tied up under this policy. New port land use policy will make it very easy to attract more investments, about 300 acres of land is situated along the shoreline.The Authority said that about 230 acres of land inside the customs area and about 40 acres of land outside the customs area will be available to take up for the investors for development. The Authority is expected to gain revenue of about Rs 200-250 crore through this new land use policy for port lands.займ на карту без отказов круглосуточновзять кредит онлайн