A high-level committee, headed by HDFC Chairman Deepak Parekh, will submit its report on Wednesday to Prime Minister Manmohan Singh on funding the infrastructure sector.

It has been estimated that the sector needs about $1 trillion during the XII Plan.

In July, the government had appointed Deepak Parekh as the Chairman of the high-level committee on financing infrastructure, which was originally set up in November, 2010, under the chairmanship of former RBI Deputy Governor Rakesh Mohan.

“The Deepak Parekh committee would submit its report to the Prime Minister on Wednesday,” a source said.

The committee was mandated to review the existing policies and suggest necessary changes in the investment framework in the high-priority infrastructure sector, besides assessing the financing requirement in ten key physical infrastructure — electricity, roads as well as bridges, telecom, railways, irrigation, water supply as well as sanitation, ports, airports, storage, and oil as well as gas pipelines.

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