Indian Railway Stations Development Corporation Limited (IRSDC) has shortlisted nine bidders for the redevelopment of Mumbai Chhatrapati Shivaji Maharaj Termi
Govt plans independent entity under NIIF to act as investment manager for InvITs, REITs
March 14, 2021
Govt sets asset monetisation targets for eight ministries
The government is weighing a plan to mandate the National Investment and Infrastructure Fund (NIIF) with the task of setting up an independent entity to act as investment manager for all infrastructure investment trusts and real estate investment trusts, floated by ministries and Central public sector enterprises, as part of a programme to raise ₹2.5-lakh crore through monetisation of assets.
“Considering the key role played by investment manager in the InvITs/REITs governance structure, the NITI Aayog has suggested that the practice of nominating one of the subsidiary companies of the CPSEs undertaking asset monetisation as investment manager should be avoided,” said a government official.
Spending proceeds of monetisation
Quick takes, analyses and macro-level views on all contemporary economic, financial and political events.
Amidst weak recovery and heightened global liquidity, it is welcome that monetisation of infrastructural assets is gaining speed here. Notice that the National Highways Authority of India (NHAI) is reportedly seeking to monetise 7,500 km of road projects for a staggering Rs 3 lakh crore by 2024-25. But it would be downright suboptimal to earmark the proceeds solely for building more road projects nationwide, especially if superior social and economic benefits are to be obtained by gainfully investing in, say, a rail track, an education scheme or a health project, so as to augment infrastructure across the board.
The Centre on Wednesday said that redevelopment of New Delhi railway station has been taken up on Public Private Partnership (PPP) mode at an estimated cost Rs 5,000 crore.In written reply in the Lok Sabha, Union Railway Minister Piyush Goyal .
Updated Feb 10, 2021 | 19:37 IST
The facilities proposed for the station include congestion-free entry/exit to the station premises, segregation of arrival/departure of passengers, integration with other modes of transport and more New Delhi railway station to get world-class makeover at a cost of Rs 5,000 crore: Piyush Goyal | Photo Credit: IANS
New Delhi: Railway Minister Piyush Goyal on Wedenday informed that redevelopment of New Delhi railway station has been taken up on Public Private Partnership mode. The cost of the project, which will transform the station to world-class multi-modal hub, is estimated as Rs 5,000 crores. Nine major global and domestic companies including GMR Highways, Adani Railways and realtor Omaxe are in the race to bag the redevelopment project the station.