Asset monetisation pipeline 2.0: A look at the asset classes

Union Finance Minister Nirmala Sitharaman unveiled the second phase of asset monetisation pipeline of Central ministries and public sector entities with an ambitious target of Rs 16.7 lakh crore for a five year period from FY 2026 to FY 2030. The target is 2.6 times higher the phase 1. The target includes private sector investment of Rs 5.8 lakh crore.

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A look at the asset classes considered in different sectors for the national asset monetisation pipeline 2.0, as per report prepared by NITI Aayog.

Highways:
Total Monetisation target: Rs 4.14 lakh crore

• Stretches where user fee is accruing to National Highways Authority of India (NHAI)- 12,000 kms
• Under construction stretches where user fee will accrue to NHAI- 4,700 kms
• Projects at the end of their concession periods- 2,500 kms
• Project to be awarded under Design, Build, Finance, Operate and Transfer (DBFOT) Toll mode- 2,100 kms
• These projects cover locations across India and include large-scale upcoming developments of long stretches in Andhra Pradesh, Bihar, Gujarat, Kerala, Maharashtra and Punjab. Some of the larger projects that can be monetised include Delhi-Amritsar-Katra Expressway, GurgaonKotputli-Jaipur Bypass and Amritsar-Jamnagar Highway.

Multi Modal Logistics Parks (MMLPs):
Total Monetisation target: Rs 18,000 crore
There are 15 MMLPs proposed in the NMP 2.0 period including those at Nashik, Anantapur, Pune, Hyderabad, Varanasi, Visakhapatnam, Jammu, Coimbatore, Jogighopa, and Silchar.

Ropeways:
Total Monetisation target: Rs 10,000 crore
The identified ropeway projects include three projects in Uttarakhand (Govindghat – Hemkund Sahib Ji, Sonprayag – Kedarnath Temple, Kathgodam – Hanumangarhi Temple), one in Arunachal Pradesh (Tawang Monastery – PT Tso Lake), one in Assam (Kamakhya Temple) and one project in Maharashtra (Brahmagiri to Anjaneri, Nashik).

Railways
Total Monetisation target: Rs 2.62 lakh crore
• Freight terminals of Indian Railways- 200 Gati Shakti Cargo Terminals (GCTs) under Indian Railways
• Freight trains- Wagons in 180 freight trains
• Dedicated Freight Corridor Corporation of India Limited (DFCCIL) freight terminals: GCTs under DFCCIL
• Station estate of railway stations: 200 railway stations
• Other land assets: Railway quarters and commercial development across several locations
Equity divestment of Rail Public Sector Undertakings (PSUs): Partial equity divestment of Government holding in seven rail PSUs

Power
Total Monetisation target: Rs 2.76 lakh crore

• Operational hydro assets of PSUs NHPC and SJVN: This includes eight hydro power stations of NHPC and two hydro power stations of SJVN with capacity of 4,881 MW
•  PGCIL plans to monetise its transmission assets – 15,295 circuit kms
• Inter State Transmission Lines – 22,000 circuit kms
• Equity dilution of the step-down subsidiaries of PSUs

Petroleum and natural gas
Total Monetisation target: Rs 16,300 crore
• Equity dilution in GAIL Gas through initial public offering of minority stake
• Dark optic fibre leasing covering 11,301 kms
• Storage facilities for liquids and gases: 10 million metric tonnes per annum
• Discovered Small Fields- Based on extractable reserves

Civil Aviation
Total Monetisation target: Rs 27,500 crore
• Airports Authority of India (AAI) – Expansion of the identified existing 26 airports. These are brownfield airports that have been assessed to have the potential to attract private investment for major development and operations.
• AAI holds equity stake in one subsidiary and four joint venture airports. Partial equity dilution in these entities through private placement/initial public offering/follow-on public offering.

Ports
Total Monetisation target: Rs. 2.63 lakh crore

• 44 core port infrastructure projects have been identified for NMP 2.0, involving terminals, berths and jetties.
• Redevelopment of four hospitals under the purview of the Major Ports Authorities has been envisaged
• Monetisation of select land parcels belonging to the Major Port Authorities has been considered

Warehousing and storage
Total Monetisation target: Rs 10,000 crore
• 50 lakh metric tonnes (LMT) of warehousing capacity expected under the Private Entrepreneurs Guarantee (PEG) Scheme run by Food Corporation of India (FCI)
• 3 LMT of warehousing capacity under the 15 year PEG scheme for North-Eastern region
•  Modernization of existing infrastructure of Central Warehousing Corporation in 54 locations
• FCI’s construction of silos under public private paternship mode- 25 LMT
• FCI land assets in multiple locations

Urban infrastructure
Total Monetisation target: Rs 52,000 crore

• The Ministry of Housing and Urban Affairs has proposed sale of built-up area at various locations in New Delhi and using these proceeds for development of General Pool Residential Accommodation (GPRA) colonies.
• Monetisation of ongoing projects (Redevelopment of 7 GPRA Colonies) Sale of Built-up Area at Sarojini Nagar
• Monetisation of projects under conceptualization (NTPC Land Parcels at Badarpur and other GPRA land across Delhi)- Redevelopment of NTPC Land Parcels at Badarpur and Redevelopment of GPRA land across Delhi

Coal
Total Monetisation target: Rs 2.16 lakh crore
• Ministry of Coal has identified 94 coal mines to be auctioned between FY26 and FY30.
• Auction of 10 mines and washeries for selection of mine developer and operator and Washery Developer and Operator (WDO)
• Coal India Limited (CIL) is expected to dilute equity in its subsidiaries.

Mines
Total Monetisation target: Rs 1 lakh crore
Mix of Mining Lease (ML) blocks and Composite Licence (CL) blocks for commercial auction

Telecom
Total Monetisation target: Rs 4,800 crore
• Dark fibres are unused portions of already laid out telecommunication fibre cables.

• Department of Telecommunications has proposed to lease 4.4 lakh kms of its dark fibre to service providers for the purpose of monetisation under NMP 2.0
• 38 land parcels under BSNL have been identified for monetisation under NMP 2.0.

Tourism
Total Monetisation target: Rs 1,200 crore

Two brownfield hotels in New Delhi have been proposed for redevelopment during 2025-30. Monetisation of Hotel Ashok and Hotel Samrat.

For more details read here: https://niti.gov.in/sites/default/files/2026-02/National-Monetisation-Pipeline.pdf

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