Indian Railways draws roadmap to achieve Rs 17.8k cr goal under NMP

The Ministry of Railways has identified several asset classes and is working on several models to reach the target of raising Rs 17,810 crore under the National Asset Monetisation Pipeline (NMP) in FY22.

At a recent two-day review initiated by cabinet secretary Rajiv Gauba, the Railways ministry informed that the request for proposal (RFP) for 12 stations have been finalised, and five were in the last stage.

Proposals for three stations have been sent to the public-private partnership approval committee (PPPAC). The proposals for the remaining stations were in different stages of development.

It also said that for three viable hill railway projects, the transaction adviser would be appointed by September ending, and the feasibility studies have been finished, for bundling of these three projects.

The Chairman and CEO of the Railway Board also informed the core group of secretaries that the feasibility studies for three stadia have been finished. The process for appointing a transaction advisor was also being carried out.

The bid process is likely to be completed in FY22. Under the Railways, work is also underway for monetising the remaining stadia and is expected to be finished by the November ending, he said.

The national transporter is likely to award seven railway colonies for redevelopment by December this year, and has already awarded three such entities.

For running private passenger trains, it is also revising the model concession agreement (MCA) after the poor response to the bids earlier this year. The ministry received a cold response on proposals from the private sector to operate mail and express trains.

By September end, it will identify 265 good sheds locations for monetisation through a suitable structure. A consultant has been appointed to finalise the transaction structure for track and overhead equipment monetisation, the ministry said.

The central government has unveiled a Rs 6 lakh crore asset monetisation plan over the next four years.

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