National Monetisation Pipeline: Govt Monetises Infrastructure Assets Worth Over Rs 97,000 Crore In 2021-22, Targets Rs 1.62 Lakh Crore In 2022-23

The Union Government has set a target to monetise infrastructure assets worth Rs 1.62 lakh crore in the current financial year (2022-23), Minister of State for Finance Pankaj Chaudhary informed parliament on Monday (Aug 8).

In a written reply to a question in the Lok Sabha, Chaudhary said infrastructure assets worth Rs 97,000 crore were monetised during the financial year ended March 2022.

In September 2021, the union finance ministry unveiled a four-year National Monetisation Pipeline (NMP) worth an estimated Rs 6 lakh crore with the aim to unlock value in brownfield projects by engaging the private sector, transferring to them revenue rights and not ownership in the projects, and using the funds so generated for infrastructure creation across the country. The sectors included for monetisation included roads, ports, airports, railways, warehousing, gas & product pipeline, power generation and transmission, mining, telecom, stadium, hospitality and housing.

During the financial year 2021-22, the assets and transactions identified were rolled out through a range of instruments including

• 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

• Private investment from port terminals bid out on PPP mode.

The government plans to monetise assets worth Rs 1.62 lakh crore in 2022-23, the minister added

“Different transactions are planned for FY22-23, including highway TOT bundles and InvIT future rounds, redevelopment of sports stadiums, operational electricity generating & transmission assets, leasing of airports through PPP, PPP projects at different port Trusts, development of silos and warehouses, monetization of tower assets, and mining assets.” the minister stated in his written submission.