The government is identifying assets, including rail lines, national highways and power transmission lines, for monetising through infrastructure investment trusts (InvITs). The first of these is expected to be launched soon, Business Standard has learnt.
While the assets will continue being operated by the relevant central government department or state-owned entity, their ownership will be transferred to an InvIT which will issue units, similar to shares, to investors.
The price of the units will be tied to performance of these assets and the money will be used for further infrastructure development. The amount earned through these units will not be a part of disinvestment or non-tax revenue and, hence, will not be used for bridging fiscal gaps. Read More
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