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

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.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)