The Indian Railways is optimistic about raising Rs 30,000 crore through its maiden asset monetisation drive in the current financial year, according to recent media reports. The funds are expected to aid the national transporters expansion plans for the next financial year. Reports also suggest that power transmission lines of 30,000 km have been lined up for monetisation. The Railways is in talks with two public sector units that are willing to invest in the project. It will sell power lines to these companies and lease it back by paying a fixed fee. In addition, three land parcels are also being lined up in the prime localities of Delhi and Mumbai. While the size of the land is not yet decided, a raise of Rs 2,000 crore from the sale of these is expected.
Furthermore, the Railways plans to spend Rs 1.4-1.5 lakh crore on capacity expansion in the next financial year, up from Rs 1.31 lakh crore it expects to spend in the current year. This will be largest ever outlay for the railways. What’s more, the national transporter expects to get almost Rs 55,000 crore from the finance ministry as gross budgetary support.