Indian utilities eye alternative funding sources
- From: Vol 9, Issue 12 (December 2008)
- Category: General
- Region: Asia
- Country: India
- Related Companies: Chennai Water Desalination
As liquidity dries up, Indian urban local bodies are starting to explore low-cost finance options to fund water infrastructure. Municipal bonds are one possible route, but they do not offer a universal solution.
Utilities and urban local bodies (ULBs) in India, previously upbeat about the JNNURM scheme bringing in money for water and sanitation projects, are now struggling to raise their share of the funds (the JNNURM requires utilities and ULBs to raise up to 30% of the cost of a given project). As liquidity dries up, they are finding it particularly challenging ...
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