Railway ministry drops proposal to monetise stations on PPP mode
RAILWAYS & METRO RAIL

Railway ministry drops proposal to monetise stations on PPP mode

The ministry of railroads has rejected its idea for station monetisation through public-private partnerships, and projects are currently being undertaken through engineering, procurement, and construction (EPC). The railway ministry has been instructed to hasten the sale of other assets such as trains, goodsheds, hill rail, stadiums, railway settlements, and railway land parcels.

So far, the ministry has only raised Rs 18.29 billion against a target of Rs 300 billion for the current fiscal year. The likely revenue from asset monetisation of Indian Railways assets under the NMP (National Monetisation Pipeline) in the current fiscal year has now been estimated at Rs 49.99 billion.

Finance minister Nirmala Sitharaman in a meeting with Niti Aayog CEO Parameswaran Iyer on November 14 reviewed the progress of NMP implementation. Earlier this year, the then NITI Aayog CEO Amitabh Kant had said the government's plan to monetise railway assets by allowing private players to run trains did not attract enough investors due to lack of proper structuring and the railway ministry is looking at it afresh.

According to the NMP document, a total of 400 stations, 90 passenger trains, railway stadiums and colonies, and the famed Konkan and hill railways were among the assets identified by the government for monetisation. In August 2021, Sitharaman announced the Rs 6 trillion NMP over four years to unlock value in infrastructure assets across sectors. Niti Aayog in consultation with infrastructure line ministries had prepared the report on the NMP.

Also Read
Agra Metro prepares to launch tunnel boring machine
80 AMRUT projects worth Rs 4.06 bn completed in J&K

The ministry of railroads has rejected its idea for station monetisation through public-private partnerships, and projects are currently being undertaken through engineering, procurement, and construction (EPC). The railway ministry has been instructed to hasten the sale of other assets such as trains, goodsheds, hill rail, stadiums, railway settlements, and railway land parcels. So far, the ministry has only raised Rs 18.29 billion against a target of Rs 300 billion for the current fiscal year. The likely revenue from asset monetisation of Indian Railways assets under the NMP (National Monetisation Pipeline) in the current fiscal year has now been estimated at Rs 49.99 billion. Finance minister Nirmala Sitharaman in a meeting with Niti Aayog CEO Parameswaran Iyer on November 14 reviewed the progress of NMP implementation. Earlier this year, the then NITI Aayog CEO Amitabh Kant had said the government's plan to monetise railway assets by allowing private players to run trains did not attract enough investors due to lack of proper structuring and the railway ministry is looking at it afresh. According to the NMP document, a total of 400 stations, 90 passenger trains, railway stadiums and colonies, and the famed Konkan and hill railways were among the assets identified by the government for monetisation. In August 2021, Sitharaman announced the Rs 6 trillion NMP over four years to unlock value in infrastructure assets across sectors. Niti Aayog in consultation with infrastructure line ministries had prepared the report on the NMP. Also Read Agra Metro prepares to launch tunnel boring machine 80 AMRUT projects worth Rs 4.06 bn completed in J&K

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000