Jump in private funds for infrastructure likely in 12th plan
December 23rd, 2010 - 12:04 am ICT by IANS
New Delhi, Dec 22 (IANS) The private sector is likely to contribute nearly half of the estimated $1 trillion investment on infrastructure during the 2012-17 Twelfth Five Year Plan, Finance Minister Pranab Mukherjee said Wednesday. “The private sector, which contributed one-fifth of the infrastructure investments in the Tenth (Five Year) Plan, is expected to increase its share to one-third in the current plan period,” Mukherjee said at a conclave organised here by the finance ministry in collaboration with the Asian Development Bank and the World Bank.
“We are already envisaging doubling of infrastructure investment to around $1 trillion in the Twelfth (Five Year) Plan, with half of it coming from the private sector,” he said.
The finance minister said increased private participation helped improve infrastructure in the country, especially airports and roads.
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Tags: airports, asian development bank, collaboration, conclave, finance minister, finance ministry, five year plan, infrastructure investment, infrastructure investments, New Delhi, plan period, pranab mukherjee, private funds, private participation, private sector, trillion, world bank
