Railway Ministry withdraws PPP-based station monetisation proposal

15 Dec 2022 CW Team

The proposal by the Ministry of Railways to monetise stations through a public-private partnership has been withdrawn.

The government has adopted a clear and hard stance that the railroads would not be privatised, the subject has been cleared at the cabinet level, the Ashwini Vaishnaw, Railways Minister previously stated.

The Engineering, Procurement, and Construction (EPC) mode will now be used for projects. The Ministry of Railways has been instructed to quicken the sale of other assets, including, but not limited to, trains, goodsheds, hill rail, stadiums, railroad colonies, and land parcels.

Stations, the largest asset class, decreased. Stations that were previously requested in PPP mode are now being accepted in EPC mode. Currently, an estimate of Rs 49.99 billion has been made for the likely revenue from asset monetisation of Indian Railways assets under National Monetisation Pipeline (NMP) in the current fiscal.

In contrast to its goal of Rs 300 billion for the current fiscal year, the ministry has only so far raised Rs 18.29 billion.

On November 14, Nirmala Sitharaman, the Minister of Finance, met with Parameswaran Iyer, CEO, Niti Aayog, to discuss the implementation of the NMP.

Also read:
Railway Ministry requests 30% increase for FY24 budget
CORE completes electrifying numerous segments and routes

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..