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Ahmadu, H A, Ibrahim, Y M, Ibrahim, A D and Abdullahi, M (2015) Modelling building construction durations. Journal of Financial Management of Property and Construction, 20(01), 65-84.

Elazouni, A, Alghazi, A and Selim, S Z (2015) Finance-based scheduling using meta-heuristics: discrete versus continuous optimization problems. Journal of Financial Management of Property and Construction, 20(01), 85-104.

Khandelwal, M and Khanapuri, V (2015) Infrastructure debt fund policy framework in India – issues and challenges. Journal of Financial Management of Property and Construction, 20(01), 4-23.

  • Type: Journal Article
  • Keywords: India; bank funding; infrastructure debt fund; infrastructure investment; project finance; Reserve Bank of India
  • ISBN/ISSN:
  • URL: https://doi.org/10.1108/JFMPC-02-2014-0003
  • Abstract:
    Purpose – This paper aims to identify gaps and critical issues in policy framework for infrastructure debt fund (IDF) to become financially viable in the Indian context. Growth of any economy is dependent on successful implementation of infrastructure projects. However, infrastructure development is linked to availability of equity and debt funds to finance these projects. IDF is an instrument which aims at enabling financing of infrastructure. Design/methodology/approach – The exploratory research adopted is qualitative and based on secondary data related to infrastructure needs, challenges, factors influencing infrastructure financing and options available for infrastructure financing in the Indian context. It investigates the relationship between external factors, internal factors and viability of IDF and provides recommendations to policy makers to roll-out an enabling policy and regulatory environment. Findings – Findings show that issues such as entry barriers for banks, insufficient tax incentives, restrictions on type of projects to be considered for funding and meeting the expectation of low-cost funds need to be addressed so that IDFs can contribute toward funding requirement of the infrastructure sector. Research limitations/implications – IDFs have been recently introduced in India and the use of primary and secondary data has been limited. Comparison of IDF guidelines in India with guidelines for similar instruments in developed countries has been left for a later stage. Originality/value – Value of this study is that it identifies the issues in current guidelines of IDF through the understanding of the policy and regulatory framework that governs IDF. The study also makes recommendations to the government and regulators which would enable IDF to become a viable instrument.

Konno, Y (2015) An empirical analysis of the discontinuance of business for startup contractors and property companies in Japan. Journal of Financial Management of Property and Construction, 20(01), 50-64.

Olatunji, O A and Sher, W (2015) Estimating in geometric 3D CAD. Journal of Financial Management of Property and Construction, 20(01), 24-49.