Govt to launch national monetisation pipeline for brownfield infra assets

Prime Minister Narendra Modi along with union ministers and parliamentarians at Lok Sabha during the Budget Session of the Parliament, in New Delhi. Photo: Lok Sabha TV

Finance Minister Nirmala Sitharaman said the government will launch national monetisation for potential brownfield infrastructure assets.

Sitharaman announced this while presenting 2021-22 Budget in Parliament.

"National monetisation pipeline for potential brownfield infrastructure assets will be launched," Sitharaman said.

Last month Road Transport, Highways and MSMEs Minister Gadkari has said that National Highways Authority of India (NHAI) is planning to raise Rs 1 lakh crore through monetisation of highways under the toll-operate-transfer (TOT) mode in the next five years.

"NHAI intends to raise Rs 1 lakh crore through the TOT plan of asset monetisation in the next five years. We are getting excellent response and have got a lot of new models and pension funds besides investors from abroad," Gadkari had said.

NHAI is authorised to monetise public-funded national highway projects, which are operational and are collecting toll for at least one year after commercial operation, through the TOT model on a case-to-case basis.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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