|
New Delhi: The government's USD 500 billion infrastructure spending plan by 2012 is a tough one to achieve as fund availability is proving a problem, the Economic Survey said on Thursday.
"The Eleventh Five-Year Plan has estimated an investment requirement of USD 500 billion in infrastructure for broad-based and inclusive growth. The foregoing analysis indicates that achieving this is a challenging task," it said.
Public initiatives of mobilising private investment is constrained by factors like inadequate shelf of bankable projects and shortage of long-term finance for projects.
It, however, expressed the hope that given the resilience that the Indian economy and its financial system has demonstrated amidst adversities, the issues will be addressed and suggested government for a regulatory authority for the transport sector covering highways, railways, ports and airports.
"The planning Commission could act as the nodal body for carrying out the selection procedure for the chairman and for staffing the economic unit," it said.
The corresponding department or ministry could be the authority for appointing the sub-sector member and the specialised sub-units. The Chairman of the body would also be assisted by a neutral economic unit.
More from Infrastructure
Discuss this story on expressindia forums
|
|
 |
 |
 |
About Us | Contact Us | Advertisers | Site Map | Make us your homepage | Work for Us | RSS | Subscribe | Electronic Edition | Privacy Policy© 2009: The Indian Express Limited. All rights reserved throughout the world
