Tags:
Journalism of Courage
A high-level committee is set to meet on Tuesday to assess the bottlenecks likely to impede fund flows in ten key areas of the infrastructure sector during the Twelfth Plan period (2012-17).
Headed by former deputy governor of Reserve Bank of India,Rakesh Mohan,the committee would ascertain the extent of foreign and domestic fund flows in the projects in these sectors electricity,roads and bridges,telecom,railways,irrigation,water supply and sanitation,ports,airports,storage and oil and gas. The committee would make recommendations on the role that the government could play in developing the capital markets for intermediating long-term savings for investments in infrastructure projects. It will identify areas and activities to be financed by the government,PSUs and the private sector, Rakesh Mohan told The Indian Express.
The committee will also examine the role of international capital flows in infrastructure financing and development,assess the bankability of various projects and suggest how funds can be obtained in a sustainable manner. It will identify regulatory/ legal issues impeding private investment in infrastructure,and make specific recommendations to facilitate their removal. The panel has constituted five working groups to delve into various critical issues pertaining to infrastructure financing availability of equity and debt,sourcing of overseas funds,estimates of the infrastructure investments and formulation of comprehensive data,and fiscal issues related to infrastructure financing.
The five working groups will soon submit their report. Once all inputs are submitted to us,we would come out with a comprehensive report on infrastructure financing,Rakesh Mohan said.
