Railway ministry drops plan to monetise stations

TIL Desk/Business/New Delhi/ The ministry of railways has dropped its proposal for monetisation of stations on public-private partnership mode, and projects are now being taken up under engineering, procurement and construction (EPC) mode, a source said.

The source also told that the ministry of railways has been asked to expedite monetisation of other assets, including trains, goodsheds, hill rail, stadiums, railway colonies and railway land parcels among others.

“Largest asset class (stations) dropped. Stations earlier proposed on PPP mode are now being taken up under EPC mode,” the source said.The ministry has so far raised only Rs 1,829 crore against the target of Rs 30,000 crore in the current financial year, the source added.

“Likely realisation from asset monetisation of Indian Railways assets under NMP (National Monetisation Pipeline) in the current fiscal has been now estimated at Rs 4,999 crore,” the source said.