Nirmala Sitharaman to unveil block assets on Monday

New Delhi: Union Finance Minister Nirmala Sitharaman will announce on Monday which assets will be put on the block as part of the government’s asset monetization program.

Federal policy think tank NITI Aayog said the National Asset Monetization Pipeline, or NMP, includes a four-year pipeline of central government brownfield infrastructure assets.

Besides providing visibility to investors, it will also serve as a medium-term roadmap for the government’s asset monetization initiative, NITI Aayog said.

The think tank said the Union’s budget for FY22 has focused on monetizing assets as a way to leverage innovative and alternative finance for infrastructure.

Sitharaman will release the pipeline in the presence of NITI vice president Aayog Rajiv Kumar and his general manager Amitabh Kant. Other senior think tank officials will also be present at the announcement.

Sitharaman had said in his budget speech that a dashboard would also be created to track the progress of the sale of assets.

The assets that will be part of this database include certain infrastructure units of the National Highways Authority of India, Power Grid Corp. of India Ltd. (PGCIL), Railways, Airport Authority of India Ltd. (AAI) and that of energy managed by the State. companies.

Sitharaman had said the railways would monetize the assets of the freight corridor dedicated to operations and maintenance, after commissioning.

Operational toll roads from NHAI, transmission lines from PGCIL, oil and gas pipelines from GAIL, Indian Oil Corp. Ltd. and Hindustan Petroleum Corp. Ltd., warehousing assets of state-owned enterprises and sports stadiums will be included.

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