Niti Aayog expects Rs 35,100cr from telecom assets by FY24
The government's think tank Niti Aayog has valued government telecom assets at Rs 35,100 crore which can be monetised by financial year 2024, according to the National Monetisation Pipeline released on Monday. The Aayog has valued over 2.86 lakh kilometres of optical fibre assets laid by BBNL and BSNL under rural broadband project Bharatnet at Rs 26,300 crore
Niti Aayog expects Rs 35,100cr from telecom assets by FY24
The government's think tank Niti Aayog has valued government telecom assets at Rs 35,100 crore which can be monetised by financial year 2024, according to the National Monetisation Pipeline released on Monday. The Aayog has valued over 2.86 lakh kilometres of optical fibre assets laid by BBNL and BSNL under rural broadband project Bharatnet at Rs 26,300 crore
Niti Aayog expects Rs 35,100cr from telecom assets by FY24
The government's think tank Niti Aayog has valued government telecom assets at Rs 35,100 crore which can be monetised by financial year 2024, according to the National Monetisation Pipeline released on Monday. The Aayog has valued over 2.86 lakh kilometres of optical fibre assets laid by BBNL and BSNL under rural broadband project Bharatnet at Rs 26,300 crore
Railways to monetise assets worth Rs 1.52 lakh cr by FY'25
Railways will monetise assets, including certain stations, tracks, passenger trains and Konkan Railway, worth over Rs 1.52 lakh crore over four years till FY25. As per the Rs 6 lakh crore National Monetisation Pipeline (NMP) drawn up by Niti Aayog and released by Finance Minister Nirmala Sitharaman on Monday, railways in the second-highest contributing sector at 26 per cent, after roads at 27 per cent. Key rail assets identified for monetisation during FY22-25 include 400 railway stations, 90 passenger trains, 1 route of 1,400km railway track, 741 km of Konkan Railway, 15 railway stadiums and selected railway colonies, 265 railway owned goods-sheds, and 4 hill railways.
FM Sitharaman assures ownership of lands will remain with govt
Unveiling the Rs 6 lakh crore National Monetisation Pipeline (NMP), the union finance minister Nirmala Sitharaman on Monday said the government will not sell off any assets and there will be a mandatory hand-back. Click here to continue reading
Shailesh Pathak, Co-Chairman at FICCI Transport Infra Panel, on National Monetisation policy
“Now, infrastructure projects and infrastructure assets are very different. A lot of international dollar interest is in assets, not in projects and here we have a situation where in the last 24 months Rs 17,000 crores has been raised by the NHAI using Toll-Operate-Transfer (TOT) and another Rs 5000 crores is the upcoming infrastructure investment trusts (InvITs) so that is 22,000 crores. We know that the Power Grid Corporation has done a Rs 7700 crore InvIT just a few months ago. So there is enough proof and evidence that there is interest from the private sector.”
National Monetization Plan - a timely move
All-in-all, NMP looks to be a good step towards the Government’s vision of reducing its focus from the non-core businesses and improve its fiscal position, said Anuj Puri, Chairman - ANAROCK Property Consultants
Here are the key highlights from her speech:
Asset Monetisation programme has taken shape because of the vision of Prime Minister: Finance Minister
NITI Aayog CEO Amitabh Kant said that the government's FY22 asset monetisation target stands at Rs 88,000 crore, while the annual outlay is Rs 1.5 lakh crore. Click here for details
Raghav Chandra, Former Chairman, NHAI, on Asset Monetisation policy
“I view it as a very large scale public-private partnerships (PPP) initiative of the government in a very well defined kind of way. From a purely governance angle I would say that it is a positive step and with the finance minister making a commitment about monitoring this entire initiative and about it being a policy guideline spelt out by the finance ministry supported by the NITI Aayog actually implemented by aligned ministry that is a very positive step because most of the time what happens with any kind of asset monetisation or public-private partnerships initiative is the kind of sort of accusation or allegation that it is not being done in a fair and transparent manner. Hopefully, now it will all be supported by the larger mandate of the union cabinet and that is very necessary and important way to assure that people are able to undertake this entire initiative in a positive, transparent and fair manner and by the by the manner in which it is being orchestrated, it looks like a very positive step.”
Raghav Chandra, Former Chairman, NHAI, on Asset Monetisation policy
“I view it as a very large scale public-private partnerships (PPP) initiative of the government in a very well defined kind of way. From a purely governance angle I would say that it is a positive step and with the finance minister making a commitment about monitoring this entire initiative and about it being a policy guideline spelt out by the finance ministry supported by the NITI Aayog actually implemented by aligned ministry that is a very positive step because most of the time what happens with any kind of asset monetisation or public-private partnerships initiative is the kind of sort of accusation or allegation that it is not being done in a fair and transparent manner. Hopefully, now it will all be supported by the larger mandate of the union cabinet and that is very necessary and important way to assure that people are able to undertake this entire initiative in a positive, transparent and fair manner and by the by the manner in which it is being orchestrated, it looks like a very positive step.”
Asset Monetisation is envisaged as a structured contractual partnership and not privatization or slump sale of assets. The Govt hence continues to be the primary owner of assets delivering infra services while ensuring affordability & access to the public: Niti Aayog VC Rajiv Kumar
Asset monetisation is necessary for creating employment opportunities, thereby enabling high economic growth and seamlessly integrating the rural and semi-urban areas for overall public welfare: Finance Minister Nirmala Sitharaman
Ministries of Roads, Transport & Highways, Railways, Power, Pipeline & Natural Gas, Civil Aviation, Shipping Ports & Waterways, Telecommunications, Food & Public Distribution, Mining, Coal & Housing & Urban Affairs are included in National Monetisation Pipeline: Finance Ministry
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