capacity expansion plan for the next financial year, the Indian Railways expects to raise Rs 30,000 crore in the current financial
year from its first asset monetisation drive.
For monetization, the Railways has lined up 30,000 km of its power transmission
lines in addition to three land parcels in prime localities in Delhi and
Mumbai. Through land monetization, the Railways expects to raise Rs 2,000
minister Piyush Goyal had said in November that the railways is not looking at
more funds in the Union Budget for 2018-19 as it is focused on monetising
assets within. "Railways is looking at innovative ways to finance its
expenditure," he had said.
railways plans to spend Rs 1.4-1.5 lakh crore on capacity expansion in the next
financial year, up from Rs 1.31lakh crore it expects to spend in the current
year. This will be largest ever outlay for the railways.
It is said
that the Railways is in talks with two public sector units that are willing to
invest in the project; the railways will sell the power lines to these units
and lease it back by paying a fixed fee..
A special purpose vehicle (SPV) will be set up to operate and maintain these
power lines, a top railway official said.
As for land monetization, land has been identified in Sarai Rohilla and Ashok
Vihar in Delhi and Bandra in Mumbai and it is said that the tenders for the
land parcels will come out next year.
The national transporter expects to get almost Rs 55,000 crore from the finance
ministry as gross budgetary support.