Considering the success of state level infrastructural projects, National infrastructural pipeline project can be credibly implemented at the national level. Discuss (200 Words)
Refer - Financial Express
Enrich the answer from other sources, if the question demands.
IAS Parliament 4 years
KEY POINTS
It is generally believed that the Centre pioneers infrastructure policy initiatives and success stories. but to show that given India’s enormous infrastructure deficit, there is space for everyone to contribute.
Noida International Airport Limited (NIAL), Jewar
· The Uttar Pradesh government awarded the Jewar Airport to the Swiss airport operator, Zurich AG, in December 2019.
· Phase I of the project is expected to be completed by 2023 at a cost of Rs 4,588 crore. This transaction is significant in that it involves 100% foreign equity in a greenfield infrastructure project.
Mumbai-Pune Expressway Asset Monetisation
· IRB Infrastructure achieved financial closure of the Mumbai-Pune Expressway in a major brownfield asset monetisation initiative.
· The project was re-bid by the Maharashtra State Road Development Corporation (MSRDC) on Toll-Operate-Transfer (TOT) basis for a 10-year concession period.
The Gujarat Urja Vikas Nigam Limited (GUVNL)
· It auctioned 500 MW of solar projects and it has set a new record of Rs 1.99 per kWh with the NTPC getting 200 MW.
· This is the lowest discovered solar tariff in India to-date and comes on top of the already discovered low tariff of Rs 2 per kWh in 2020.
· The successful solar transaction is important in many ways and shows that the private sector, including foreign investors, would bid for well-developed projects.
Way forward
As India looks to implement the National Infrastructure Pipeline, constituted by about 7,000 projects valued at over Rs 111 lakh crore (about $1.5 trillion) over a six-year period ending in FY2024-25, one must keep in mind that the NIP envisages most investments coming from the states (40%) in comparison to the Centre (39%).
