More government-owned assets to be put on the block for monetization
In what could help the Narendra Modi government mobilize more funds by monetizing its assets, the core group of secretaries responsible have drawn a fresh list to be put on the block.
In what could help the Narendra Modi government mobilize more funds by monetizing its assets, the core group of secretaries responsible have drawn a fresh list to be put on the block.
According to government sources, New Delhi has initiated a discussion on monetisation of a fresh set of government-owned assets. The government think tank, Niti Aayog, has identified a potential list of assets.
“The government is now going to study the current status of assets to fix the timelines for monetization,” said a person in the know of the developments.
The assets identified are a mix from railways, metro, airports, mines, oil & gas pipelines, government-owned commercial complexes, storage silos, regasification terminals, etc.
“This time, some premium assets like new airports, which the government is considering for monetization are Patna, Agartala, Coimbatore, Jammu, Bhopal are being considered for monetization. Also some of the commercial complexes of Housing and Urban Development Corporation Limited (HUDCO) and National Buildings Construction Corporation (NBCC) have been, Some Petroleum pipelines owned by Indian Oil Corporation Limited (IOCL), Hindustan Petroleum Corporation Limited (HPCL) and Oil India Limited(OIL). Also, assets like government-owned storage spaces such as food silos, warehouses, cold storages will be up for monetization,” sources detailed.
A discussion on the monetization model has already started for some of these assets. For example, NITI Ayog has initiated consultations with Railways Ministry already for the dedicated rail freight corridor track, signalling & overhead assets, multi-functional complexes of Kolkata Metro’s real estate.
For the assets identified under the Metro segment securitisation of operational metro sections of Delhi Metro Rail Corporation Limited (DMRC) is proposed through the Carry Operate Transfer (COT) Concession route.
“NITI Ayog has initiated consultations with Urban Development Ministry for this,” sources added.
First Published: Sept 22, 2020 6:28 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Lok Sabha elections 2024: Baramati to Mainpuri, key battles in phase 3
Apr 30, 2024 7:01 PM
From Amethi to Mumbai South — Lok Sabha seats where parties are yet to announce candidates
Apr 30, 2024 6:39 PM
Diamond rings, fridge, TVs: Bhopal voters to get exciting prizes to boost turnout in Lok Sabha polls
Apr 30, 2024 6:35 PM
This Bihar district has its own app to help voters during Lok Sabha election
Apr 30, 2024 4:02 PM