(MENAFN- Trend News Agency)
BAKU, Azerbaijan, August 10. Indian government
has set a target to monetize infrastructure assets worth Rs 1.62
lakh crore in the current financial year, Minister of State for
Finance Pankaj Chaudhary said, Trend reports via ThePrint .
Chaudhary said infrastructure assets worth Rs 97,000 crore were
monetized during the financial year ended March 2022. The minister
informed the lower house of the Parliament that the government has
announced Rs 6 lakh crore National Monetization Pipeline (NMP) to
unlock the value in infrastructure assets in sectors ranging from
railways and roads to power.
The Rs 6 lakh crore asset monetization target is to be achieved
by 2025.
During the financial year 2021-22, the key transactions include
highway toll-operate-transfer (TOT) based PPP concessions, NHAI's
Infrastructure Investment Trust (InvIT), PowerGrid InvIT, annual
accruals from mineral and coal blocks auctioned in FY21-22, private
investment in the redevelopment of railway colonies, receipts from
6 airports leased on PPP mode and private investment from port
terminals bid out on PPP mode.
According to the minister, the value of assets envisaged to be
monetized under NMP during FY22-23 is Rs 1,62,422 crore. The
indicative value refers to the value expected to be realized by the
asset owners through the monetization process, either in form of
accruals or by way of private sector investment.
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