SERVICESAssets ManagementActivity

Activity

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The Management & Development Property’s (Asset) Activities
1-Rental
RAC process rental application of railway land from individuals/ private sector / companies who wish to rent/develop the land for commercial and agricultural purposes for a period of not exceeding 3 years with extension options.
2-Lease
RAC process lease application of railway land from individuals/ private sector / companies who wish to rent/develop the land for development purposes, commercial and agriculture for a period exceeding 3 years.
3-Wayleave
RAC process the way-leave application from individuals/ private sector / companies who wish to temporarily use the land for specific purposes, which do not exceed 3 years (the period of a way leave lease can be given by month to month basis).
4-Release / Surrender
RAC process the release / surrender of railway land to the State / Federal Agency after receiving an application from the above parties with the principle for public interest such as road widening purposes. RAC is not allowed to consider the application for release of railway land to the individuals/ private sector / companies.
5-Procurement
RAC issues quotation and tender offer for the purpose of selling the used property such as quarters, wooden platform and services / supplies or works tenders such as cutting grass and cleaning of railway land, maintenance of assets and work on the land fencing.
6-Enforcement
RAC monitors the activities on railway lands from time to time in order to prevent the invasion of squatters and commercial activities or agricultural. Enforcement action will be taken to the intruder of the railway land.
7-Disposal
Disposal of RAC’s assets that are not economical or not in-used will be disposed of by three (3) processes, namely:

  1. Write off (direct disposal)
  2. Sales (tender/quotation)
  3. Award (given free)
8-Development
RAC will assess and review the proposals on the development of railway land either for railway or commercial use by the private sector on the development needs in the area. The planned development must be a long-term lease at any time in accordance to the Government’s policy which is not to sell or relinquish the land to the private sector. Through this development, RAC is expected to generate a long term income.