Latest News | Shipping Assets Worth Rs 12,828 Cr to Be Monetised Under NMP | LatestLY

New Delhi, Aug 23 (PTI) Shipping assets worth Rs 12,828 crore will be monetised over the next four years under the Rs 6 lakh crore National Monetisation Pipeline (NMP) announced by Finance Minister Nirmala Sitharaman on Monday.

The monetisation does not involve selling of land and is about monetising brownfield assets.

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The shipping assets monetisation pipeline projects will be implemented by Ministry of Ports, Shipping and Waterways and potential models would be public private partnership (PPP).

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Sitharaman announced a Rs 6 lakh crore National Monetisation Pipeline that will look to unlock value in infrastructure assets.

Union Budget 2021-22 had identified monetisation of operating public infrastructure assets as a key means for sustainable infrastructure financing.

Towards this, the Budget provided for preparation of a ‘National Monetisation Pipeline’ of potential brownfield infrastructure assets. NITI Aayog in consultation with infra line ministries has prepared the report on NMP.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

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