Centre launches NMP 2.0; sets road monetisation target at Rs 4.42 trillion

The centre has unveiled the second phase of the NMP, a continuation of a policy experiment. However, it is now a strategy to fund infrastructure without overstretching the public balance sheet. The government plans to monetise more than 2,000 assets across 12 ministries, with an overall revenue potential of Rs 16.7 trillion. Of this, Rs 10.8 trillion is expected to be realised between 2025-26 and 2029-30, with the remaining flowing in subsequent years. Coming on the back of NMP 1.0, which mobilised Rs 5.3 trillion, or 90 per cent of its Rs 6 trillion target, NMP 2.0 is both a scaling-up exercise and a test of whether asset monetisation can become a structural pillar of the overall infrastructure financing model. Roads continue to lead the segment. Highways, multimodal logistics parks and ropeways together are expected to yield Rs 4.42 trillion during the five-year window. This shows the government’s confidence in traffic growth, tolling frameworks and investor appetite for operational road assets. Year-wise monetisation targets include Rs 591.4 billion by 2025-26, Rs 687.7 billion by 2026-27, Rs 918 billion by 2027-28, Rs 10.44 billion by 2028-29, and Rs 1,178.6 billion by 2029-30.