12 Railway Stations Will Be Handed Over To Private Companies For Raising Rs 17,810 Crore
According to the Times of India, the railway’s ministry is trying and planning out different models that will help to earn Rs 17,810 crore under the national asset monetisation pipeline (NMP) in FY22.
Requests For Proposal (RFPs) For 12 Stations
According to the daily newspaper, the railway’s ministry informed Cabinet Secretary Rajiv Gauba during a recent two-day review that the requests for proposal (RFPs) for 12 of the 40 stations had been finalised and five were in the final stages.
The public-private partnership approval committee has received proposals for three stations (PPPAC). The remaining station concepts were at their own pace and stages of development.
Also by the end of September, the transaction adviser for three viable hill railway projects would be appointed.
According to the journal, the chairman and CEO of the Railway Board informed the core group of secretaries that feasibility studies for three stadiums had been completed and that the procedure for hiring a transaction adviser was in the works.
According to the journal, the chairman and CEO of the Railway Board also stated that the bid process will be completed by the end of 2022. The other stadia under the railways are also being monetised, with work expected to be completed by the end of November.
Concession Agreement (MCA) Models
By December of this year, the ministry aims to award seven railway colonies for reconstruction, having already awarded the other three.
Also rewriting of the model concession agreement (MCA) for running private passenger trains is in the process because of the weak response to the bids earlier this year.