Centre to monetize 365 km of 6 national highways in Telangana
As per the plan, the Central government will monetize the portion of stretch of national highways at Kadtal-Armur (31 KM), Adloor Yellareddy-Chegunta (52 KM), Chegunta-Bowenpally(62 KM), Armur to Kadloor Yellareddy (NS-2/AP-1) (59 KM), Kadloor Yellareddy to Gundla Pochampali (86 KM) and Hyderabad-Bangalore (NS-2 / BOT / AP-7) (75 KM) in Telangana.
By Newsmeter Network Published on 24 Aug 2021 6:10 AM GMT
New Delhi: Around 365 km of six national highways in Telangana will be monetized under the National Monetisation Pipeline plan from 2022 to 2025, the Union Minister of Finance announced on Monday.
Union Minister for Finance and Corporate Affairs Nirmala Sitharaman on Monday launched the National Monetisation Pipeline' (NMP), the asset monetization pipeline of Central ministries and public sector entities.
The pipeline has been developed by the NITI Aayog in consultation with infrastructure line ministries, based on the mandate for 'Asset Monetization' under the Union Budget 2021-22. The NMP estimates aggregate monetization potential of Rs 6 lakh crores through core assets of the Central government, over a four-year period, from 2022 to 2025.
The Union Government has announced its intention to "monetize" by letting the private sector bid for operating such assets for certain years by paying the amount upfront, but the government without giving away title to the underlying assets. The private operators can operate these assets such as National Highways for a certain period of time.
Under the pipeline, roads, transport and highways, railways, power, pipeline and natural gas, civil aviation, shipping ports, and waterways, telecommunications, food and public distribution, mining, coal, and housing and urban affairs will be monetized.
The NH network of 4-lane and above configuration, where NHAI reserves tolling rights, has been considered as amenable for monetization for the purpose of identification of assets under NMP.
As per the plan, the Central government will monetize the portion of stretch of national highways at Kadthal-Armur (31 KM), Adloor Yellareddy-Chegunta (52 KM), Chegunta-Bowenpally(62 KM), Armur to Kadloor Yellareddy (NS-2/AP-1) (59 KM), Kadloor Yellareddy to Gundla Pochampali (86 KM) and Hyderabad-Bangalore (NS-2 / BOT / AP-7) (75 KM) in Telangana.
"Asset monetization based on the philosophy of 'Creation through Monetization' is aimed at tapping private sector investment for new infrastructure creation. This is necessary for creating employment opportunities, thereby enabling high economic growth and seamlessly integrating the rural and semi-urban areas for overall public welfare," said Nirmala Sitharaman.
