Under the National Monetization Pipeline (NMP) of the Central Government, railway property will also be given on lease to the private sector. For this 400 railway stations, 1400 km of track, 90 passenger trains, 15 stadiums, and colonies of railways, as well as Konkan and Hill Railway, have been identified. Such railway property will also be given on lease which is currently not being used for any purpose.
The target is to raise Rs 1 lakh 52 thousand 496 crores from the lease of railway properties in the next four years. However, the railway unions have started protesting against this decision of the Modi government. The All India Railwaymen's Federation says that the Railways will not be allowed to go into private hands under any circumstances. Recently, Finance Minister Nirmala Sitharaman had released the Rs 6 lakh crore NMP scheme, in which it was said to contribute 26% of the assets of the Railways.
Major rail assets identified for this include a 741 km stretch of Konkan Railway, selected railway colonies, 265 railway-owned warehouses, and four hill railways. Also, apart from this, monetization of assets will be done in different infrastructure sectors like railways, electricity to roads.
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