LIVE: Rs 102-trn infra projects lined up for 5 yrs, says FM Sitharaman

In last six years, 5-6% of GDP spent on infrastructure, says FM Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday unveiled Rs 102 trillion of infrastructure projects that will be implemented in the next five years as part of the government's spending push in the infrastructure sector.

Addressing a press conference, she said Prime Minister Narendra Modi had in his Independence Day speech spoken of investing Rs 100 trillion in infrastructure.

Subsequently, a task force identified Rs 102 trillion worth of projects after conducting 70 stakeholder consultations in a short period of four months, she said.

The minister said another Rs 3 trillion of projects are likely to be added to this pipeline.

These projects are on top of Rs 51 trillion 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. 

3:34 PM

Five key takeaways of FM's presser

• Task force has identified Rs 102 trillion infrastructure projects
• National Infrastructure Pipeline Coordination mechanism will be launched to monitor identified infra projects
• Centre, states spent Rs 51 trillion in last 6 yrs; over Rs 100 trillion is being committed in next 5 yrs
• Centre, states share in the Rs 100 trillion infra projects at 39% each, balance 22% are private projects
• Power, railways, urban irrigation, mobility, education, health form bulk of infra project pipeline

3:33 PM

Private sector keen on infra projects

The private sector has expressed keen interest in participating in these projects, and we have learnt from the past experiences : Sitharaman

3:31 PM

FM releases infra task force report card

We are releasing the first report of the task force: Sitharaman

3:30 PM

Powers of infra monitoring panel

Flexibility to drop a project and pick new one is given to the monitoring panel: Sitharaman

3:29 PM

Robust infra monitoring framework soon

Robust monitoring framework will be established soon. An online data room will be established: Sitharaman

3:27 PM

Infra projects in pipeline will be across 21 ministries

21 ministries will be involved in these projects: Sitharaman

3:26 PM

Infra projects in pipeline are across key sectors of the economy

Power, Railways, urban development, digital, healthcare education form the bulk of the projects: Sitharaman

3:25 PM

63% of Rs 103-trn infra project pipeline firmed up

Of the total Rs 102 trn of National Infrastructure Pipeline projects, approximately 63% of the projects are firmed up: Sitharaman

3:23 PM

Both Centre and states have spent 5-6% of GDP on infrastructure in the last 6 years: Sitharaman

3:22 PM

We are giving a compilation of Rs 102 trillion worth projects and we are expecting Rs 3 trillion worth projects more in a few weeks: Sitharaman

3:21 PM

The task force has come up with Rs 102 trillion infrastructure projects: Sitharaman