A dedicated fund to promote urban infra on the cards

A dedicated fund to promote urban infra on the cards

New Delhi: A dedicated fund to promote urban infrastructure projects is in the pipeline with assistance from the German Development Fund said Kamal Nath, Minister Urban Development at a conference by the Indian Chamber.

“ We are looking at setting up a PPP urban infrastructure fund with German assistance", Kamal Nath said.

He stressed on the need for mainstreaming PPP in sectors like water and waste management not only because it brings in much needed capital but also because it brings about greater efficiency .

The current capital for infrastructure projects is approximately one-tenth of that required, PPP needs to be considered as one of the key strategies to increase investment in the sector.

Nidhi Misra

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