Six Indian Infrastructure Projects among 100 most innovative in the World
Six infrastructure projects in Delhi and Gujarat have been listed among the 100 most innovative infrastructure projects in the World.
The World Market Report which makes a list of the 100 most innovative infrastructure projects in the world has chosen 6 projects from India which includes some from Delhi and Gujarat. Of these are
- Delhi Metro
- Yamuna Expressway (Delhi)
- Interceptor Sewage System (Delhi)
- Mundra Ultra Mega Power Project (Gujarat)
- Narmada Canal Solar Project (Gujarat)
- Gujarat International Finance Tec City (GIFT)
Criteria for Most innovative infrastructure: the selection of the world’s most innovative and impactful infrastructure projects were made by a global panel of industry experts who were given the responsibility of identifying them. The list reflects how the governments collaborate and work together with the private sector in trying to overcome fund restraints and thereby build projects that have helped in the development of the country providing infrastructure that in turn improves the quality of life. This also helps in solving immediate needs and planning for future societal demands.
The dynamics of 4 key markets were studied for the report listing
- Mature international markets (like Canada, UK, Australia)
- Smaller established markets (Chile, Sweden, New Zealand and South Korea)
- Emerging markets
- Economic Powerhouses (US, BRICS countries)
Over 400 diverse ranges of compelling projects were sifted from before the ultimate 100 were decided upon by the panel of experts, primarily basing their judgements on scale, complexity, feasibility, innovation and impact.
Features of the 100 projects: the list of 100 projects that have been made, have a total estimated value of 1.73 trillion dollars and illustrate a range of infrastructure investment. These projects hold immense potential for a transformative impact that has the capability of changing the face of the nation. These data were collected from official reports.
Several reports concerning problems pertaining to affordability, need for government to make difficult choices and how and where to spend due to shortage of funds have been brought forth. KPMG Chairman of Global Infrastructure, James Stewart is reported to have stated that different countries take a different approach in addressing the challenges faced during the development and completion of projects and funding the infrastructure. However, there are certain universal challenges faced by all that need to be addressed to create the proper conditions for attractive the much needed investment.
Source: Business Standard
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