 "highways, nhai, roads, construction, transport, monetisation, privatisation, disinvestment")
The National Monetisation Pipeline announced in the Union Budget comprises brownfield infrastructure assets that will be monetised in the short to medium term. Asset monetisation is not new to India. It has been undertaken sporadically across different infrastructure sectors in the past, the most visible ones being airports and telecom service providers.
However, the announcement of a “pipeline” in the Budget has a signalling effect, indicating the political will to pursue this measure with renewed vigour. Commentators and experts have rightly emphasised the importance of implementation to make this proposal a success. In planning the implementation capacity for this mega-monetisation exercise, learnings from previous asset monetisation would be a good place to begin. In this article, we review the outcomes of
