April 13, 2022
The railways and the NHAI (National Highway Authority of India) have collected INR 800 crore
The majority of the funds were raised through coal and mineral block auctions
The amount is 12% higher than the target planned for FY22
The figure is expected to rise by at least INR 4,000 crore as soon as more data is collected
The government has raised INR 1 trillion through the sale of public assets and brownfield investments. Due to the strong performance of the coal and mineral blocks, highway lengths, and power transmission lines, the amount is 12% higher than the target planned for FY22.
Revenues and investments from asset monetization totaled INR 96,000 crore in FY22, and this figure is expected to rise by at least INR 4,000 crore as soon as more data is collected. For FY22, the first year of the NMP, the target was INR 88,200 crore.
The majority of the funds, which is INR 58,700 crore, were raised through coal and mineral mining block auctions.
The ministry of roads has generated INR 23,000 crore in revenue by monetizing over 390 kilometers of roads, using Infrastructure Investment Trusts (InvITs) and Transfer-Operate-Transfer (TOT) models.
Through monetization, the railways and the NHAI (National Highway Authority of India) have collected INR 800 crore.
The Ministry of power closed the last financial year with the monetization of assets worth Rs 9,500 crore. At the same time, the national hydroelectric power corporation (NHPC) has also securitized hydel assets worth INR 1,000 crore.