Centre likely to miss national monetisation target for next fiscal

For FY22, the railways had lined up projects worth around Rs 17,810 crore for monetisation

The Centre’s ambitious Rs 6-trillion National Monetisation Pipeline (NMP) could fall short of yearly targets for the current fiscal year (FY22) and the next one as well (FY23), partly due to the long gestation period in monetising big-ticket railway infrastructure, Business Standard has learnt from sources in the finance and rail ministries.

Officials say the major chunk of railway monetisation will happen from FY24 onwards because leasing some of the infrastructure, like stadiums and dedicated freight corridor, will not happen anytime soon.

Rail infra is expected to be the second-biggest contributor to the NMP, with about Rs 1.52 trillion worth