Finance Minister Nirmala Sitharaman on Monday launched the Centre’s ambitious National Monetisation Pipeline (NMP), which is a four-year pipeline for those infrastructure assets that the government plans to monetise for generating funds.
Mainly brownfield infrastructure assets have been earmarked by the Centre for NMP, official sources said.
NMP has also been designed to attract more investors to the country and encourage alternative financing for infrastructure assets.
In the Union Budget for 2021-22, the Finance Minister had made a lot of significant announcements regarding asset monetisation and stressed on the fact that the government is looking at innovative ways to raise finances.
Under NMP, the Centre is finalising Rs 6 lakh crore worth of infrastructure assets, including national highways, mobile towers, stadia, railway stations as well as power grid pipelines among other key assets, which it plans to monetise.
Here are the highlights:
- We are fully committed to delivering success to the National Motenisation Pipeline. We feel that it is very important to bring in the private sector for better operation and maintenance, therefore we are committed to very strong delivery on the ground, said NITI Aayog CEO Amitabh Kant.