HomeAsian NewsThe Minister of Finance will announce the monetization channel today

The Minister of Finance will announce the monetization channel today


The plan aims to monetize brownfield infrastructure assets worth 6 trillion rupees across sectors

New Delhi: As part of the government’s asset monetization plan, Finance Minister Nirmala Sitharaman will launch the National Monetization Pipeline (NMP) on Monday. The plan aims to monetize brownfield infrastructure assets worth 6 trillion rupees, involving roads, railways, aviation, power, oil and gas, and warehousing, and put a series of assets into private sector participation.

When announcing the plan on Sunday, government think tank Niti Aayog said that the NMP includes a four-year pipeline of the central government’s existing infrastructure assets. “In addition to providing visibility to investors, it will also serve as a medium-term roadmap for the government’s asset monetization plan,” Aayog said.

The 2021-22 alliance budget places great emphasis on asset monetization as a means to raise innovation and alternative financing for infrastructure. Sitha-raman once stated in her budget speech that monetizing operating public infrastructure assets is a very important financing option for new infrastructure construction.

Even the Minister of Investment and Public Asset Management Tuhin Kanta Pandey said earlier this month that the government is finalizing 6 trillion rupees in infrastructure assets and monetizing them.

The government sees asset monetization as a strategy to strengthen and maintain infrastructure, not just a financing mechanism.



Source link

RELATED ARTICLES

Most Popular

Recent Comments