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New Delhi, May 31

The Government is talking to the World Bank for setting up an urban infrastructure fund for making available easy loans for city development programmes, said Mr M. Ramachandran, Secretary, Union Ministry of Urban Development. "We are in dialogue with the World Bank for $500 million.

The Planning Commission has also indicated it could be possible to earmark additional allocation for transportation," he said, while speaking at a conference organised by the Ministry on Thursday. Mr Ramachandran said that a long-term national urbanisation policy should be drawn up soon as nearly half of the country's population would live in urban centres in the next two or three decades.

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