New Delhi, Feb 19 (IANS): The government proposes to mobilize funds through the Public Private Partnership (PPP) mode to develop infrastructure projects, parliament was told Wednesday.

Minister of State for Planning Rajeev Shukla told the Lok Sabha that the 12th Five Year Plan had projected an investment of Rs.55,74,663 crore over the plan period (2012-17) in infrastructure.

About 48 percent of this investment was expected from the private sector, he said.

The minister was asked if the PPP model had failed in achieving its objectives in the social sector scheme, including those meant to uplift the living standards of the poor people.

Shukla said various states had taken some initiatives to attract private investment in the health and education sectors.

"Since the subject is new, various models are being developed to attract private investment in the health and education sectors and it will take some time for the system to evolve.

"The central government has approved a scheme for setting up 2,500 model schools under PPP mode to supplement the efforts of the state governments."