Nirmala Sitharaman Unveils National Infrastructure Pipeline, Projects Worth Rs 102 Lakh Crore

Union Finance Minister Nirmala Sitharaman on Tuesday announced infrastructure projects worth Rs 102 lakh crore worth. These infrastructure projects will be implemented in the next five years as part of the government's spending push in the infrastructure sector.

She also announced a National Infrastructure Pipeline (NIP) Coordination Mechanism to be launched, comprising the Centre, states and private sector, for detailed planning, information dissemination and monitoring implementation of the NIP framework. The minister said another Rs 3 lakh crore of projects are likely to be added to this pipeline.

Talking to media, she announced formation of a task force to identify and make infrastructure investment worth Rs. 100 lakh crore for the next five years in line with announcement made by PM Narendra Modi in his Independence Day 2019 speech. 

Sitharaman said that the task force has identified  projects worth Rs 102 lakh crore after conducting 70 stakeholder consultations in a short period of four months.

These projects are on top of Rs 51 lakh crore spent by the Centre and the states during the last six years, she said adding the new pipeline consists of 39 per cent projects each by the Centre and states and the balance by 22 per cent by private sector.

She said the projects identified are in sectors such as power, railways, urban irrigation, mobility, education and health.

Sitharaman also said that an annual global investors meet will be organised in the second half of 2020. 

(With Agency Inputs)