Note that this is not a suggestion for a new co-ordinating structure, but rather a novel approach to co-ordinating and improving decision-making amongst existing players. A synthetic study of experiences with business models, with a mandate to examine those that best support integrated watershed management, would be appropriate. It is relevant to note here that each business model has costs and benefits, and that a broad range of variables (including the cost of regulatory and oversight requirements, accountability and management synergies) need to be considered in addition to financial issues. The scenario whereby infrastructure investment planning is led on a project-financing basis, and ease of financing becomes the over-riding criterion, should however be avoided.