On Urban Infrastructure Development

It is incontrovertible that good infrastructure is central to all economic activity. It facilitates efficiency in key economic services, improves the economy’s competitiveness, and generates high productivity and supports strong economic growth. The paper discusses the issues and approaches of financing urban infrastructure, specifically touching upon public-private partnerships and joint efforts by ULBs and financial institutions including commercial banks, pooled fund and Municipal bonds. Further, the paper emphasizes the significance and suggests ways of improving internal resource mobilisation by the ULBs. Finally the paper addresses issues specific to Water and Power sectors. The paper was prepared as an input to MDR.