Plan for railways asset monetisation didn’t attract investors, govt looking at it afresh: Amitabh Kant

The government’s plan to monetise railway assets by allowing private players to run trains did not attract enough investors due to lack of proper structuring and the railway ministry is looking at it afresh, NITI Aayog CEO Amitabh Kant said on Friday. Kant said the private sector will come to invest only if there are assured returns.

“Therefore good project structuring is the key to success of any asset monetisation deal. Obviously, the railways trains project was not well structured, it did not attract good private sector participants. On the top of that, IRCTC was also bidding for railway trains.