Region: South Asia
Country: India
Keywords: Knowledge Lab, Legal Framework
Document(s):
Document Summary:
Terms of reference of the Task Force
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To identify technically feasible and financially/ economically viable infrastructure projects that can be initiated in fiscals 2020 to 2025
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To estimate annual infrastructure investment/capital costs
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To guide the ministries in identifying appropriate sources of financing
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To suggest measures to monitor the projects so that cost and time overruns are minimised
Document Details:
Key benefits of the NIP:
Economy
Well-planned NIP will enable more infra projects, grow businesses, create jobs, improve ease of living, and provide equitable access to infrastructure for all, making growth more inclusive
Government
Well-developed infrastructure enhances level of economic activity, creates additional fiscal space by improving revenue base of the government, and ensures quality of expenditure focused in productive areas
Developers
Provides better view of project supply, provides time to be better prepared for project bidding, reduces aggressive bids/ failure in project delivery, ensures enhanced access to sources of finance as result of increased investor confidence
Banks/ financial institutions (FIs)/ investors
Builds investor confidence as identified projects are likely to be better prepared, exposures less likely to suffer stress given active project monitoring, thereby less likelihood of NPAs
Updated: April 12, 2022