National Infrastructure Pipeline

The Central Government has constituted a task force to draw up a National Infrastructure Pipeline for each of the financial years from 2019-20 to 2024-25.

• The Task Force is chaired by the Secretary, Department of Economic Affairs, Ministry of Finance.

National Infrastructure Pipeline

• This in line with the Prime Minister’s Independence day speech that Rs.100 lakh crore ($1.4 trillion) would be invested in infrastructure over the next five years.
• National Infrastructure Pipeline will ensure that infrastructure projects are adequately prepared and launched.
  
  • Infrastructure projects will include both social and economic infrastructure projects.
  • It would include greenfield and brownfield projects costing above Rs 100 crore each.
• Each Ministry/ Department would be responsible for the monitoring of projects so as to ensure their timely and within-cost implementation.
• It will help in stepping-up annual infrastructure investment to achieve the Gross Domestic Product (GDP) of $5 trillion by 2024-25.
  
  • In the past decade (2008-17), India invested about $1.1 trillion on infrastructure.

Terms of Reference of the Task Force

• To identify technically feasible and economically viable infrastructure projects that can be initiated in the Financial Year (FY) 2019-20.
• To list the projects that can be included in the pipeline for each of the remaining 5 years between FY 2021-25.
• To estimate annual infrastructure investment/capital costs.
• To guide the Ministries in identifying appropriate sources of financing.
• To suggest measures to monitor the projects so that cost and time overrun is minimized.
• To enable robust marketing of the pipeline of projects requiring private investment through the India Investment Grid (IIG), National Investment & Infrastructure Fund (NIIF), etc.

Source: PIB