The Hindu Business Line : `Plea to make core sector funding more transparent'

THERE should be more transparency in the dealings for funding for infrastructure from both the lenders side as well as the client's side, even while the public-private model to meet the growing demands of the country needs to be encouraged, according to Mr R.C. Sinha, Director-General, National Academy of Construction (NAC).

Delivering the keynote address at a seminar on `Funding for Infrastrucure', organised by the Confederation of Indian Industry (CII) today, Mr Sinha said the Malaysia approach to infrastructure development was best suited for India.

He felt more stress should be placed on developing social infrastructure than physical infrastructure.

The General Manager of IDBI, Mr R.M. Ganatra, said the lenders have less risk appetite.

His advice was that lenders should not look only at the net worth of the concerned parties for the infrastructure project, but also to gauge their cash richness.

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