Thread by @Sanju_Verma_

@narendramodi govt to raise 6 lakh Cr by monetising assets

Funds to be used to build new infrastructure,spur economic growth

Govt will raise 88000Cr this year by leasing infra assets of central govt ministries&state-run companies via #NationalMonetizationPipeline,NMP
Details👇

Annual targets under 4 year NMP have been set at 👇

1.62 lakh Cr for FY23

1.79 lakh Cr for FY24

1.67 lakh Cr in FY25

Top 5 sectors by value under this #AssetMonetization programme are

Roads (27%),
Railways (25%),
Power (15%),
Oil and Gas pipelines (8%)
Telecom (6%)

#Economy

Among projects @narendramodi govt plans to lease are👇

26700km of roads
90 passenger trains
400 railway stations
28608 circuit km transmission lines 286000km of #Bharatnet fibre network&

14917 towers owned by Bharat Sanchar Nigam Ltd,#BSNL& Mahanagar Telecom Nigam Ltd,#MTNL

NMP will be co-terminus with the Rs 100 lakh Cr, National Infrastructure Pipeline,#NIP,from this year

There won’t be any land sale happening under #NMP

NMP is only about #Brownfield assets where investment has been made, but assets are either languishing,or remain underutilized

@narendramodi govt plans to create virtuous cycle by utilizing resources raised via monetizing existing assets,to create new greenfield infra assets&further monetizing these newly created assets

Real value will emerge via bidding process

NMP is a big&bold move to unlock value

Monetization of core assets under NMP is expected to be done via public-private partnership models like operate-maintain-transfer, toll-operate-transfer&structured financing vehicles such as infrastructure investment trusts #InvITs&real estate investment trusts,#Reits

#Economy

Asset Monetization programme does not mean ceding ownership of the assets or Fire Sale

Fair Value will be achieved by transparent,accountable mechanisms&at end of the day these assets will be handed back to govt for further utilization

So good news is,there's no distress sale👍

Other core infrastructure assets that will be leased under NMP include airports in small cities,dedicated freight corridor assets,warehousing assets of state-run companies such as Central Warehousing Corp NAFED&sports stadiums

#AssetMonetisation,a great way to mobilise resources