RTTNews - To encourage growth in urban infrastructure, the government may launch a new version of its infrastructural initiative Jawaharlal Nehru National Urban Renewal Mission (JNNURM) allotting Rs.1,00,000-crore, twice the amount meant for JNNURM phase-I, reports the Economic Times.
According to an official in the urban development ministry, the proposed JNNURM-II is likely to meet the demands of cities with a population of five lakh for seven years. The proposal is forwarded to the finance ministry by the urban development ministry for inclusion in the 2009-10 budget. The new scheme may replace the existing one due to lapse in 2012. The shortage of funds and more investment requirement to reach the targeted levels of infrastructural growth are seen as primary reasons for the renewed launch of the scheme.
The ministry of urban development may include a new funding pattern with less central assistance in the new scheme with tight monitoring, but central assistance will depend on financial closure of projects. Water supply, underground wastage, solid waste management and storm water drains would be proposed in new Jawaharlal Nehru National Urban Renewal Mission scheme under the public-private partnership (PPP) model with the government having the controlling stake.
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