Finance Ministry to Launch National Monetisation Pipeline
Union finance minister Nirmala Sitharaman will launch the National Monetisation pipeline (NMP), which will list out the government's infrastructure assets to be sold over the next four-years. "The NMP comprises a four-year pipeline of the central government's brownfield infrastructure assets. Besides providing visibility to investors, NMP will also serve as a medium-term roadmap for the asset monetisation initiative of the government," the finance ministry said in a statement on Sunday. The Department of Investment and Public Asset Management (DIPAM) secretary Tuhin Kanta Pandey had earlier this month said that the government is finalising ?6 lakh crore worth infrastructure assets, including national highways and power grid pipelines, which would be monetised. "A national monetisation plan of about ?6 trillion is in the offing which will have a range of assets from pipelines to power grid pipelines to national highways, ToT (toll-operate-transfer) and so on," Pandey had said. The Union Budget 2021-22, laid a lot of emphasis on asset monetisation as a means to raise innovative and alternative financing for infrastructure. In her Budget speech, Sitharaman had said that monetising operating public infrastructure assets was a very important financing option for new infrastructure construction. The government views asset monetisation as a strategy for the augmentation and maintenance of infrastructure, and not just a funding mechanism. The NMP book will be released in the presence of NITI Aayog Vice Chairman Rajiv Kumar, NITI Aayog CEO Amitabh Kant, and Secretaries of relevant ministries whose assets constitute the monetisation pipeline.
Tags : News/Views National Finance Ministry Nirmala Sitharaman Launch Pipeline Monetisation