Speaking at a press conference, Finance Minister Sitharaman revealed that Rs 102 lakh crore would be spent on implementing infrastructure projects in the next five years. A task force had identified these projects after meeting with 70 stakeholders for a period of four months. An additional Rs 3 lakh crore of projects were expected to be added to this pipeline.
These infrastructure projects are in addition to the Rs 51 lakh crore spent by the Centre and the states during the last six years. The new pipeline consists of 39% projects each by the Centre and states and the balance 22% to be implemented by the private sector.
She said the projects included railways, urban development, irrigation, mobility, education, health, water, digital and power including renewable sector. It was proposed that about Rs 25 lakh crore to be dedicated to energy projects, Rs 20 lakh crore to road and nearly Rs 14 lakh crore to railway projects. These sectors will form the bulk of the infrastructure investment under National Infrastructure Pipeline.
FM Sitharaman said that Rs 102 lakh crore National Infrastructure Projects will help make India a USD 5 trillion economy by 2025.