NEW DELHI: Minister of Finance Nirmala Sitharaman on Monday announced the plan to monetize the four-year four-year infrastructure assets to collect Rs 6 Lakh Crore ($ 81 billion) under the National Motentening Pipe (NMP).
The monetization plan was first announced by Sitharaman in his annual budget speech in February.
This will function as a medium-term road map for government asset sales initiatives.
Here are the main points of the launch: * National monetization pipes consist of a four-year pipe from 2022-2025 of the Central Government Brownfield Infrastructure Assets: Niti Aayog CEO Amitabh Kant * The top three sectors identified for monetization of assets including trains, airports and coal mining.
* Under the scheme, 15 train stadiums, 25 airports, 160 coal mining projects will be prepared for monetization of assets.
* In addition, assets such as roads, power transmission lines and gas pipelines will also be part of the monetization plan.
* Ownership (assets) will remain with the government and there will be hands must return after a certain time.
The government does not sell anything: FM Sitharaman * Only assets that are less utilized will be monetized and the plan will help identify brownfield assets that need to be better confirmed: FM * We are fully committed to providing success to national motion pipes.
We feel very important to bring the private sector for better operation and maintenance.
Therefore, we are committed to very strong delivery in the field: Niti Aayog CEO Amitabh Kant * The plan is about the existing asset base and use their results for the creation of new infrastructure, recycling future assets and building a mutliplier effect on growth and turning return.
Flow: Kant * In monetizing infrared assets, ownership will continue with the government and there is a mandatory handsback after a period of time determined where the private sector must restore assets to the center: Kant * It is important that India recognizes that time has come to utilize our assets : Minister of Finance * By bringing private participation, we will monetize better assets and with whatever resources you get by monetization, you can enter for further investment into infrastructure development: Sitharaman * Govt plans to connect it to a national infrastructure project Previously announced: Kant * The Road Sect or includes assets of around 26,700 km which will be considered for monetization.
This will be worth RS 1.60 lakh Crore: Kant * The road sector has monetized 1,400 km from a highway project worth RS 1,700 Crore: Kant * as well.
Monetised Power Transmission Sector 5 Assets Via Powerbrid Invit Increase Rs 7,700 Crore: Kant * Monetization Center 28,608 Ckt Km Transmission Line Worth RS 45,200 Crore which will be carried out by Powergrid: Kant * The government also sees Hydel power plants and solar sectors through NTPC, NHPC, NLC which will be worth RS 39,832 Crore: Kant Watch Center announces the plan to monetize assets to collect Rs 6 lakh crore in 2025