Towards Bank Financing of Urban Infrastructure
AbstractProvision of quality urban infrastructure is an area of major concern for the Indian Economy. The financing of this component of infrastructure may turn out to be a somewhat tractable problem, even in the short to medium term. The present paper focuses precisely on this issue. In more recent times, however, several initiatives have been taken to ensure that greater devolution of political and economic power actually happens. Amongst them the 73rd and 74th Constitutional Amendment Bills have sought to give local government â€“ municipalities and panchayats true measure of financial autonomy. Given the need for commercial funding or attracting funds from the capital market for urban infrastructure a large number of initiatives have been made in India, some in participation with the World bank and USAID. Attempts are being made to make the ULBs develop the required commercial outlook for private funding. The volume of debt and equity financing has grown significantly for concessions and some financing mechanisms have evolved, mostly syndicated bank loans arranged by foreign banks and, to a much smaller degree, bond financing. However in adapting these institutional practices to the Indian conditions will require several crucial modifications. In the context of â€˜universal bankingâ€™ the existing financial institutions and commercial banks may be mandated to do the job, thereby saving the cost of setting up new institutions.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by eSocialSciences in its series Working Papers with number id:36.
Date of creation: Aug 2005
Date of revision:
Note: Institutional Papers
Contact details of provider:
Web page: http://www.esocialsciences.org
Towards Bank Financing of Urban Infrastructure;
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Abhay Pethe & Ajit Karnik & Mala Lalvani, 2005.
"Infrastructure Finance In The Time Of Revenue Crunch: Exploring New Avenues for Urban Local Bodies,"
- Abhay Pethe & Ajit Karnik, 2004. "Infrastructure Finance In The Time Of Revenue Crunch: Exploring New Avenues For Urban Local Bodies," Department of Economics, University of Mumbai, Mumbai Working Papers 10, Department of Economics, University of Mumbai, Mumbai.
- Ajit Karnik & Abhay Pethe & Dilip Karmarkar, 2003.
"Assessment Of Revenue And Expenditure Patterns In Urban Local Bodies Of Maharashtra,"
Department of Economics, University of Mumbai, Mumbai Working Papers
5, Department of Economics, University of Mumbai, Mumbai.
- Abhay Pethe & Ajit Karnik, 2005. "Assessment Of Revenue And Expenditure Patterns In Urban Local Bodies Of Maharashtra," Working Papers id:40, eSocialSciences.
- Abhay Pethe, 2005. "On Urban Infrastructure Development," Working Papers id:42, eSocialSciences.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Padma Prakash).
If references are entirely missing, you can add them using this form.