Creeping Privatisation: 6 Signs
- The Ticket Trick Rail Budget injects two radical reforms—a fares regulator and segregation of fuel in passenger costs—ignored by previous ministers. If cleared, ticket rates could go up or down depending on fuel price of the day.
- Eye On Infrastructure Models are being developed to allow private players to enter in fixed rail infrastructure—stations, high-speed lines, manufacturing of locos, coaches, wagons—in the form of public private partnership (PPP) projects.
- Prime Real Estate With one lakh acres of surplus land—and prime land in urban centres—Railways is parcelling out/leasing out land to developers on 30-90-year leases. Land being “developed” in Delhi, Bangalore, Vijayawada, Gaya and Gwalior. Total number of sites: 52. Total land size: 1,527 hectares. Potential earnings: Rs 5,500 crore.
- Corporatise Backend As it did with...