Six In­dian in­fra­struc­ture projects in global re­port

Ya­muna Ex­press­way, Metro in­cluded

HT Estates - - HTESTATES - HT Es­tates Cor­re­spon­dent

As many as six In­dian projects have been con­sid­ered for the KPMG In­ter­na­tional’s In­fra­struc­ture 100: World Mar­kets Re­port. Th­ese in­clude the Gu­jarat In­ter­na­tional Finance TecCity ( GIFT), Mun­dra ul­tra mega power plant, Delhi gov­ern­ment’s in­ter­cep­tor sewage sys­tem, Ya­muna Ex­press­way, Delhi Metro and the Nar­mada Canal So­lar pro­ject.

KPMG I nter na­tional’s In­fra­struc­ture 100: World Mar­kets Re­port high­lights key t rends driving i nfras­truc­ture in­vest­ment around the world. A global panel of in­dus­try ex­perts iden­ti­fies 100 of the world’s most in­no­va­tive, im­pact­ful in­fra­struc­ture projects show­ing how gov­ern­ments are com­ing to­gether with the private sec­tor to over­come fund­ing con­straints to finance and build projects that can im­prove qual­ity of life – both solv­ing im­me­di­ate needs and plan­ning for fu­ture so­ci­etal de­mands.

The re­port looks at in­fra­struc­ture based on the dy­nam­ics of four key mar­kets: ma­ture in­ter­na­tional mar­kets ( like Canada, Aus­tralia, UK), eco­nomic pow­er­houses (in­clud­ing the US and BRIC coun­tries), smaller es­tab­lished mar­kets ( l i ke Chile, Swe­den, New Zealand, Korea), and emerg­ing mar­kets.

The panel of in­de­pen­dent in­dus­try ex­perts eval­u­ate over 400 di­verse and com­pelling projects to ul­ti­mately se­lect the fi­nal 100, based on the scale (How does the scale of the pro­ject re­late to sim­i­lar de­vel­op­ments in its class?), fea­si­bil­ity (Is the pro­ject plan fea­si­ble and sus­tain­able?), com­plex­ity (How chal­leng­ing or com­plex is it to get stake­holder sup­port?),in­no­va­tion (Is there a par­tic­u­lar chal­lenge the pro­ject over­comes?), and im­pact on so­ci­ety ( Does it im­prove qual­ity of life or pro­mote eco­nomic growth?)

With a to­tal es­ti­mated value of over US$1.73 tril­lion, the 100 projects il­lus­trate a range of in­fra­struc­ture in­vest­ment, some with a po­ten­tially trans­for­ma­tive im­pact that could change the face of na­tions.

The I nfras­truc­ture 100 re­port also brings to light af­ford­abil­ity con­cerns and the need for gov­ern­ments to make dif­fi­cult choices about where to spend with fund­ing in short sup­ply. Balanc­ing the as­pi­ra­tions of a na­tion with the need for true so­cial ben­e­fit is not an easy chal­lenge.

Ac­cord­ing to Arvind Ma­ha­jan, head of gov­ern­ment and in­fra­struc­ture, KPMG in In­dia, “In­dia’s in­fra­struc­ture sec­tor story has been a roller coaster ride. While the past few years have seen a de­cline in in­ter­est around the in­fra­struc­ture sec­tor, the new gov­ern­ment is tak­ing a num­ber of mea­sures to re­vive in­vest­ment. We be­lieve this could lead to a re-rat­ing of In­dian in­fra­struc­ture.”

FILE PHOTO

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