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From: "Architexturez." <interface.services@xxxxxxxxxxxxxxxxx>
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Date: Thu, 12 Apr 2007 12:16:12 +0530
NEW DELHI: Cities feeling high and dry after being excluded from the Rs
50,000-crore modernisation programme under the Jawaharlal Nehru National
Urban Renewal Mission (JNNURM) may heave a sigh of relief.
The urban development ministry is setting up a $500-million fund in
collaboration with the World Bank to finance urban facilities in the
cities that are not included in the JNNURM. The fund would be used to
finance urban infrastructure facilities such as public transport, water
management and sanitation projects.
....
The basic thrust of the fund would also be on involving private
participation in projects. The projects would also attract funding on
the basis of credit rating they get from credit rating institutions such
as Crisil, Icra and Fitch.
cont'd....
http://economictimes.indiatimes.com/New_500m_fund_to_transform_Indian_cities/articleshow/1895175.cms