Finance Minister Smt. Nirmala Sitharaman has discussed post-budget action points for infrastructure roadmap ahead including National Infrastructure Pipeline (NIP) implementation. It was attended with CEO, NITI Aayog and Secretaries of 22 Infrastructure Ministries/Departments.
In the meeting, it was discussed that instead of Covid-19 pandemic in the year, the NIP has shown substantial progress. It has witnessed accelerated spending on infrastructure projects in Ministries specially in Q2/Q3 FY21.
However, the NIP was launched with 6,835 projects and has now been expanded to nearly 7,600 projects. It has also been observed that Ministries/Departments needs to work very hard in order to ensure achieving targets of the NIP.
The Finance Minister also highlighted that the NIP is not just central government budgetary expenditure on Infrastructure, it also includes infra spending by states and private sector. It also includes government expenditure through extra budgetary resources.
Further, CEO, NITI Aayog gave a presentation on asset monetization and highlighted various models for monetization of core infrastructure assets and also spoke about finalizing targets for asset monetization.