Gujarat International FinanceTec City
Traditional financial services and IT centers may soon be looking over their shoulders at the Gujarat International FinanceTec City (GIFT) in India.This US$20 billion mega- project combines state-of-the-art connectivity, infrastructure and transportation with sustainable, environmentally sensitive growth. Although only two of the planned buildings have been constructed, new Indian prime minister Narendra Modi backs the initiative, which is designed to change the way India thinks about contemporary urban planning. (Image: GIFT/ Text: KMPG)
2,While China and Brazil focus on heavy rail corridors, India has addressed its road and urban rail networks. Opened in 2012, the 165-kilometer, six-lane yamuna Expressway is India’s longest motorway, connecting the capital New Delhi with Agra and creating a corridor for economic growth. By dramatically reducing the travel time between these two historic cities, the US$1.9 billion project will have a lasting impact on villagers, tourists, traders and working professionals and should expand trade. The expressway also has symbolic value by showcasing the country’s ability to develop world-class infrastructure. As one of India’s largest PPP road financing arrangements, the 36-year concession costs are subsidized by cash flows from land sales along the route. (Text: KPMG I Image: Company website screenshot)
3,Ten years after its first line opened, the US$2.3 billion Delhi Metro continues to expand, setting a shining example of how to carry out an effective public works program. Taking heed of the problems experienced by the Kolkata Metro – which was badly delayed and 12 times over budget – the development team utilized innovative procurement and strong project and contract management techniques.(Text: KPMG)
- 4,The US$4.4 billion Mundra Ultra Mega Power Project is a major, coal-fired thermal power plant serving the states of Gujarat, Rajasthan, Maharashtra, Haryana and Punjab. A 25-year concession has been led in what is a landmark PPP for the Indian energy sector.
5 ,Interceptor sewage system
New Delhi has struggled to keep raw sewage from flowing into and polluting theYamuna River. India’s US$323 million Interceptor Sewage System is designed to divert sewage to treatment plants, enabling the river’s water to be used for horticulture and cleaning purposes. (Text: KPMG)
(Image: Google Maps screenshot)
Narmada canal solar
Another innovative initiative in the Indian state of Gujarat conserves water and generates energy.The US$17.9 million Narmada Canal Solar project will place a solar photovoltaic grid over the top of a 5.5-kilometer section of the canal, preventing water from evaporating and producing renewable power. In a form of PPP, Megha Engineering and Infrastructure Limited will build the plant and maintain it for 25 years.
[Image: "Canal Top Solar Power Plant” by Hitesh vip – Own work. Licensed under Creative Commons Attribution-Share Alike 3.0 via Wikimedia Commons]