Ministry Of Railways Plans To Initiate Private Train Operation Project
With an aim to infuse cash in government's treasury, the Ministry of Railways is eyeing to monetise assets worth Rs 54,344 crore. Reportedly, the government identified 'Asset Monetisation Pipeline' which comprises of private train operator projects and multifunctional complexes. The move is a part of government's dis-investment agenda. Notably, the decision came after passenger trains incurred heavy losses in revenues-- down from 53,000 crores in 2019 to just 4600 crores-- owing to Covid-19.