{"id":5760,"date":"2019-07-09T07:39:28","date_gmt":"2019-07-09T07:39:28","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=5760"},"modified":"2019-07-09T07:42:07","modified_gmt":"2019-07-09T07:42:07","slug":"govt-to-stadiums-and-railways-heritage-routes-for-private-sector-investment-sources","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/govt-to-stadiums-and-railways-heritage-routes-for-private-sector-investment-sources\/","title":{"rendered":"Govt to stadiums and Railways&#8217; heritage routes for private sector investment: sources"},"content":{"rendered":"<p style=\"text-align: justify;\">The government could allow private players to invest in stadiums and Indian Railways&#8217; heritage routes, a report by Business Standard said.<\/p>\n<p style=\"text-align: justify;\">The move would thus help the government itch closer to the divestment target of Rs 1.05 lakh crore for the current fiscal.<\/p>\n<p style=\"text-align: justify;\">More than six stadiums have already been identified, Jawaharlal Nehru Stadium and Karnail Singh Stadium in Delhi being among them, the report said.<\/p>\n<div class=\"hide-moblie mid-arti-ad\" style=\"text-align: justify;\">\n<div id=\"Moneycontrol_Mobile_WAP\/MC_WAP_News\/MC_WAP_News_Internal_OutStream\">The stadiums could either let real estate players use the stadiums commercially, or they can be sold completely, the report said. The NITI Aayog has recommended the idea of monetising the stadiums.<\/div>\n<\/div>\n<p style=\"text-align: justify;\">On average, an investment of Rs 1,000 crore is expected from private players in each of these stadium, a source told Business Standard.<\/p>\n<p style=\"text-align: justify;\">Two meetings have taken place between representatives of NITI Aayog, Department of Investment and Public Asset Management (DIPAM), and various ministries, the sources added.<\/p>\n<p style=\"text-align: justify;\">The Ministry of Youth Affairs Ministry and Sports\u00a0and\u00a0Ministry of\u00a0Railways are involved in the discussions, the report said.<\/p>\n<p style=\"text-align: justify;\">The Sports Ministry has some doubts about monetisation of stadiums, while DIPAM supports the idea as long as the administrative ministries agree to it.<\/p>\n<p style=\"text-align: justify;\">One option could be by releasing the stadiums for commercial purposes but on the condition that sports infrastructure is simultaneously developed, an official told the paper.<\/p>\n<p style=\"text-align: justify;\">The Railways spends around Rs 250-300 crore a year to manage its heritage assets, the report stated.<\/p>\n<p style=\"text-align: justify;\">The heritage routes include The Darjeeling Himalayan Railway, the Nilgiri Mountain Railway and the Kalka Shimla Railway.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government could allow private players to invest in stadiums and Indian Railways&#8217; heritage routes, a report by Business Standard said. The move would thus help the government itch closer to the divestment target of Rs 1.05 lakh crore for the current fiscal. More than six stadiums have already been identified, Jawaharlal Nehru Stadium and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[4121,3438,4122],"class_list":["post-5760","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-and-politics","tag-business-standard","tag-dipam","tag-indian-railways"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt to stadiums and Railways&#039; heritage routes for private sector investment: sources - Finance Intellect<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/financeintellect.com\/home-page\/home\/govt-to-stadiums-and-railways-heritage-routes-for-private-sector-investment-sources\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt to stadiums and Railways&#039; heritage routes for private sector investment: sources - Finance Intellect\" \/>\n<meta property=\"og:description\" content=\"The government could allow private players to invest in stadiums and Indian Railways&#8217; heritage routes, a report by Business Standard said. The move would thus help the government itch closer to the divestment target of Rs 1.05 lakh crore for the current fiscal. 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