Finance minister launches 102 trillion National Infra Pipeline plan
01 January 2020 Current Affairs:
Finance minister Nirmala
Sitharaman launched a National
Infrastructure Pipeline coordination mechanism with an
investment plan worth ₹102 trillion in the next five
years. The economic affairs secretary Atanu Chakraborty submitted its first
report after consultation with 70 different stakeholders for four months. The
task force set up after prime minister Narendra Modi to roll out an ambitious
infrastructure push worth ₹100 trillion over the next five years to make India
a $5 trillion economy.
The projects spread across 21 ministries and 18 states and Union Territories. The center and states will contribute 39% each of the project cost; private sectors contribute 22% of the cost. The projects included in the pipeline, 43% are under implementation, 33% are at a conceptual stage, and 19% are under development. The projects belong to sectors such as power, including renewable, railways, urban development, irrigation, mobility, education, health, water, and the digital industry.This will include reforming the PPP-based contracts, enforcement of agreements, and dispute resolution process.