Cash-strapped Karnataka govt eyes asset monetisation under new PPP policy

The revision saw the inclusion of plus monetisation successful the PPP policy, which outlined the assorted methods to make gross from infrastructure assets. Among the assets that could beryllium monetised see roads, ports, tourer destinations, and agri-processing plants, among others.

Speaking to the Indian Express, Dr N Manjula, Secretary to Government, Infrastructure Development, Ports and Inland Water Transport Department, which is the nodal bureau for each infrastructure projects undertaken done PPP mode oregon plus monetisation, said that the income generated by plus monetisation volition beryllium based connected the fig of projects taken up. “We person not estimated it yet. But PPP has immense imaginable to make revenue,” she said.

The caller argumentation is successful tune with the Centre’s argumentation connected PPP projects. The plus monetisation guidelines included successful the Central argumentation were besides added. The 2025 argumentation simplifies assorted procedures required to instrumentality PPP projects, Manjula further said.

Among different changes are the instauration of operational guidelines which supply a roadworthy representation connected the lifecycle of a PPP project, its process flow, and enactment required astatine each signifier of implementation. Sector-specific incentives, which let infrastructure projects to avail incentives from policies of a peculiar sector, are besides portion of the 2025 policy.

Individual departments volition besides person to formulate a strategy to make a multi-year roadmap and make an yearly enactment program for PPP infrastructure projects. The argumentation mandates that 90 per cent of the required onshore should beryllium disposable for a task astatine the clip of tendering. However, exceptions whitethorn beryllium granted connected a case-by-case ground by the State Level Single Window Agency oregon the State High-Level Clearance Committee, it said.

The cash-strapped Siddaramaiah authorities has been exploring assorted plus monetisation options since assuming powerfulness successful May 2023. Last year, the Rural Development and Panchayat Raj section started enactment connected a argumentation to monetise assets owned by gram panchayats successful Karnataka. In September, the authorities acceptable up an adept committee nether retired IAS serviceman K P Krishnan to analyse the imaginable for plus monetisation, peculiarly by leveraging the onshore successful and astir Bengaluru.

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