Will finish plans for Infra trust soon: Govt

New Delhi: The Finance Ministry is gearing up to put all the things placed and draft the rules for the new Infrastructure Trust Fund. The fund will help to speed up the flow of funds into various projects like power, ports, aviation etc in the country.

The Ministry is sure to finish the legalities and formalities for the trust fund in one month.

The Ministry is expecting to get funds the funds in the nature of REIT, which are dominant in countries.

The trust will issue all the units to domestic and foreign investors who all want to buy the unit after the revenue projects are transferred to it.

The Government of India has been looking for valid options to fund the infra sector which is projected to require three times from the current status by in next two years.infrastructure

The Debt Fund was introduced  in the Union Budget 2011-2012. The debt fund is  aiming to fastening and increasing the flow of long term debt for funding public oriented plans for infra in the country.

Recently, Finance Minister P Chidambaram in Washington said that the total infusion for power, road, and civil aviation etc. in 12th plan period is expected at $ 1trillion; nearly half of the amount is expected from the private sectors.

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