Exclusive: 6 Airports, 150 Railway trains, 50 stations, BSNL towers! CGAM set to meet to discuss asset monetization

Core group of secretaries on asset monetization (CGAM) will meet on September 9 in Cabinet Secretariat to discuss the status of the list of core assets identified under various ministries for sale. According to sources, ministry of civil aviation, ministry of shipping, ministry of road, transport and highways; ministry of railways, ministry of power and ministry of telecom have been asked to update the CGAM on the status of transactions and timeline.
  
The assets identified for monetization are six airports in Tier 2 and Tier 3 cities, international cruise terminal at Goa port, 12 lots of highway bundles, 150 passenger trains, 50 railway stations and transmission lines valued at Rs 10,000 crore in the upcoming 6 months in the first phase, telecom towers of BSNL and MTNL and fiber network of BBNL.

The core group of secretaries on asset monetization comprises DIPAM secretary, Expenditure Secretary, Revenue secretary, Corporate Affairs secretary and the secretaries of concerned ministries.

The concerned ministries need to update about the latest status and progress made so far with respect to the timelines. According to sources, considerable time has elapsed since the last review meeting but nothing concrete has emerged. The CGAM will take feedback about the challenges they are facing and decide on the revised timelines for their monetization. 

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Due to corona virus pandemic also, there has been delay in government's disinvestment plans. Recently, the government postponed the bidding deadlines of Air India and BPCL which will contribute significantly to the government's non-tax revenue kitty. It has set an ambitious disinvestment target of Rs 2.1 trillion for the current fiscal.