The Bihar State Infrastructure Development Enabling (Amendment) Act, 2023

The Bihar State Infrastructure Development Enabling (Amendment) Act, 2023

This 2023 Act amends Schedule-V (ii)(a) of the Bihar State Infrastructure Development Enabling Act, 2006 to provide government-owned land at concessional lease charges for development projects where ownership will eventually revert to the state. It applies to all projects involving government land in Bihar where ownership will return to the government after a fixed period as determined by the Infrastructure Development Authority. This amendment likely aims to encourage infrastructure development by reducing land costs while ensuring resources remain ultimately state-owned, facilitating economic growth through public-private partnerships while maintaining government control over key assets.

PDF: pending for this language.