Rajasthan Monetization: Central Govt. to Earn Rs 1.52 Lakh Crore by Leasing 400 Railway Stations

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
Image Credit: India.com
Image Credit: India.com

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.

All India Railwaymen's Federation

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.

What will be sold in railway

  • Between 2022 and 2025, the government will raise Rs 76250 crore from 400 railway stations.
  • 40 railway stations will be given on lease in the year 2022, 120 in the year 2023, 120 in the year 2024, and 120 in the year 2025.
  • In the year 2023, 30 trains will go into private hands in 2024 and 30 in the year 2025. 21642 crore will be raised from this.
  • Between 2023 and 25, 1400 km long railway track will go into private hands. This will bring Rs 18700.
  • The 741 km long track and other assets of Konkan Railway will be given on lease, due to which the government will be able to get Rs 7281 crore.
  • Between 2023 and 25, 265 goods sheds of the Railways will be given on lease. However, with this, the government will get Rs 5565 crore. 75 in the year 2023, 100 in the year 2024, 90 in the year 2025.
  • 15 railway stadiums will also be sold. Out of this, 3 stadiums will be dedicated in the year 2022, 5 in the year 2023, 5 in the year 2024, and 2 in 2025.

Privatization is likely to increase fares including other charges

Image Credit: The Federal News
Image Credit: The Federal News
  • The passing of railway assets into private hands will have a direct impact on the general public. Also, giving the passenger train in private hands will make the journey expensive.
  • Parking outside the railway station will become more expensive. The premium rate will be charged. Parking will be charged on an hourly basis.
  • The railway waiting room is now free. Hourly rent can be charged in the future.
  • Staying in the retiring room will also become expensive.
  • At present, the railways keep a watch on the refreshment stall, due to which the high rate cannot be charged. But in the future, you can get expensive stuff.

Like and Follow us on :

Related Stories

No stories found.
logo
Since independence
www.sinceindependence.com