Budget could push for private investments in public infrastructure

Budget could also announce favourable terms for companies accessing bond markets

The Union Budget may bring a number of provisions to boost private sector participation in infrastructure projects. These could include strengthening the public-private partnership (PPP) dispute resolution mechanism, uniform PPP institutional framework, easier terms for infrastructure companies accessing bond markets, and tax sops, Business Standard has learnt.

Investment in infrastructure projects with high multiplier effect has been the Centre’s main plank to revive the economy, create employment and boost consumption. This will be so in 2022-23 as well.

As reported earlier, the Centre’s capital expenditure in the coming year could exceed Rs 6.5 trillion against the 2021-22 Budget estimate of Rs 5.54