Sudhir Krishna, Secretary, Union Urban Development Ministry, informed that the government expects the share of private investment in infrastructure sector to rise to almost 50 per cent in the 12th Five Year Plan (2012-17).
This means private sector may invest nearly Rs 25 lakh crore of the estimated Rs 50 lakh crore required for the infrastructure sector during the plan period.
It may be recalled that in the 11th Five Year Plan (2007-12), the share of private investment was 35 per cent. Krishna said this at the Infra East summit organised by the Indian Chamber of Commerce.
Innovative and environmentally friendly projects for urban transport like cable car services could come under the purview of Jawaharlal Nehru National Urban Renewal Mission (JNNURM), Krishna said.
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