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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 PTI 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. Finance minister Nirmala Sitharaman in a meeting with Niti Aayog CEO Parameswaran
The railways will bid out 16 stations, including the Anand Vihar Terminal, under the public private partnership (PPP) model for redevelopment purposes with a tender being floated over the next two months, sources said on Friday. The other stations to be redeveloped are Tambram, Vijayawada, Dadar, Kalyan, Thane, Andheri, Coimbatore Jn, Pune, Bangalore City, Vadodara, Bhopal, Chennai Central, Delhi Hazrat Nizammuddin and Avadi. The railways plans to bid out these stations within the current year itself. These railway stations will be upgraded to ensure improved basic facilities and accessibility for passengers. Various monetisation models are being examined to encourage the private sector. As many as 199 stations with a footfall of 50 lakh per day are planned to be redeveloped in the first phase. Railway Minister Ashwini Vaishnaw at a press briefing earlier this month had said that the designs of the redeveloped stations will include a spacious roof plaza with all passenger ameniti