NEW DELHI, January 16: The high-level infrastructure meeting convened by Bimal Jalan, governor, Reserve Bank of India decided to formulate a time-bound action plan to achieve quick progress in infrastructure areas. Sector wise groups involving financial institutions, concerned ministries and other related agencies will be set up to study identified issues on an ongoing basis. The focus groups will enable procedural and administrative problems to be speedily resolved, the RBI press release says.The meeting took into account that progress of value added services in respect of telecommunication services was satisfactory but issues relating to basic services such as finalisation of a comprehensive interconnection agreement needed to be resolved. It was agreed that these issues would be discussed between the department of telecommunications, chiefs of selected financial institutions and the finance secretary to arrive at a decision.It was agreed that a standardised build operate transfer (BOT) agreement would provide security to the lenders to the road projects. Other issues that needed urgent attention in the case of roads were land acquisition, laying down of procedures for providing capital subsidy, traffic guarantee and equity participation which had already been announced by the government.It was noted that the ministry of surface transport has already taken necessary action in this regard.
