Govt to seek $2 b more from World Bank
The Economic Times, December 8, 2009, Page 9
NEW DELHI: The government will seek $2 billion of additional funds from the World Bank for highway development, road transport & highways minister Kamal Nath said on Monday after the first meeting of empowered group of ministers for the road sector. Along with other options, the government is also looking at raising long-term funds from LIC and pension funds. But the modalities are yet to be worked out. “About Rs 100,000 crore has already been tied up for the current financial year,” Mr Nath said.
The Economic Times, December 8, 2009, Page 9
NEW DELHI: The government will seek $2 billion of additional funds from the World Bank for highway development, road transport & highways minister Kamal Nath said on Monday after the first meeting of empowered group of ministers for the road sector. Along with other options, the government is also looking at raising long-term funds from LIC and pension funds. But the modalities are yet to be worked out. “About Rs 100,000 crore has already been tied up for the current financial year,” Mr Nath said.
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