Long-term infrastructure bond could be worked out: Goyal (Lead, correcting para 3)

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Kolkata, July 9 (IANS) Union Finance Minister Piyush Goyal said on Monday a long-term infrastructure bond could be worked out to ensure better cash flow to projects.

“On Saturday, I called up a meeting with the senior official of one of the largest banks. I was actually suggesting him — why don’t you come up with a long-term infra development bond… say 25-year bond,” he said at an interactive session organised by Indian Chamber of Commerce here.

Goyal further said: “People are not able to park their money for long-term in a good asset. Having long-term bonds for a fixed coupon could help projects to plan their cash flows better. It is a thought that I have discussed.”

Goyal said the Centre has stressed points with many financial institutions transforming into banks.

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“I am open for suggestions for how we can reignite long term lending in infrastructure,” Goyal said. He said nothing has been finalised and an idea was seeded.

–IANS

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