{"id":335421,"date":"2020-02-03T12:24:13","date_gmt":"2020-02-03T06:54:13","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=335421"},"modified":"2020-02-03T12:54:06","modified_gmt":"2020-02-03T07:24:06","slug":"budget-2020-%e2%82%b922000-crore-equity-support-for-two-infrastructure-finance-companies","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/budget-2020-%e2%82%b922000-crore-equity-support-for-two-infrastructure-finance-companies\/","title":{"rendered":"Budget 2020: \u20b922,000-crore equity support for two infrastructure finance companies"},"content":{"rendered":"<p>To support the funding of infrastructure over the next five years, that would require Rs 103 lakh crore, government has provided about Rs 22,000 crore as equity support to two government-owned infrastructure agencies. <\/p>\n<p>In her Budget speech, Finance Minister Nirmala Sitharaman announced, \u201cThis would cater for equity support to infrastructure finance companies such as India Infrastructure Finance Company Ltd and a subsidiary of National Investment and Infrastructure Fund. They would leverage the funds, as permissible, to create a financing pipeline of more than Rs 1 lakh crore. This would create a major source of long-term debt for infrastructure projects and fulfil a long awaited requirement.\u201d <\/p>\n<p>About 6,000 km of highways will be \u201cmonetised\u201d before 2024, Sitharaman said, adding a major port will be corporatised and listed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>To support the funding of infrastructure over the next five years, that would require Rs 103 lakh crore, government has provided about Rs 22,000 crore as equity support to two government-owned infrastructure agencies. In her Budget speech, Finance Minister Nirmala Sitharaman announced, \u201cThis would cater for equity support to infrastructure finance companies such as India Infrastructure Finance Company Ltd and a subsidiary of National Investment and Infrastructure Fund. They would leverage the funds, as permissible, to create a financing pipeline of more than Rs 1 lakh crore. This would create a major source of long-term debt for infrastructure projects and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-335421","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=335421"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/335421\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=335421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=335421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=335421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}