The list compiled by KPMG, that identifies 100 of the world's most innovative, impactful infrastructure projects, features 6 projects from India
New Delhi: Delhi Metro, Yamuna-expressway and Tata Power Co. Ltd’s Mundra ultra mega power project in Gujarat are among the six ventures from India that have figured in The Infrastructure 100: World Markets Report by international accounting firm KPMG, that highlights key trends driving infrastructure investment around the world and identifies 100 of the world’s most innovative, impactful infrastructure projects.
The other three projects in the list are Gujarat International Finance Tec-City (GIFT), Interceptor Sewage System and Narmada Canal Solar project.
A distinguished group of independent, external industry experts weighed the merits of more than 300 projects on the basis of their scale, feasibility, complexity, innovation and impact on society, KPMG said.
“Each country has its own approach to developing and funding infrastructure, yet all share the universal challenge of creating the right conditions to attract investment so desperately needed," James Stewart, KPMG’s chairman of Global Infrastructure said.
Yamuna Expressway. Photo: Mint
By dramatically reducing the travel time between these two historic cities, the $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.
It’s been 10 years since the first line (Red line) of the Delhi Metro opened, connecting Shahdara and Tis Hazari. Overcoming the initial problem of funds, the $2.3 billion Delhi Metro now continues to expand, setting a shining example of how to carry out an effective public works program. The most impressive aspect of the project is the fact that the first phase was finished on budget and almost three years ahead of schedule in 2005, the report said. The network at present consists of five lines (plus a sixth Airport Express line) with a total length of 193 kilometres, serving 140 stations.
Tata Power’s Mundra ultra power project in Gujarat
The $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.
Gujarat International Finance Tec-City (GIFT)
This $20 billion mega-project is an under-construction central business district in Gujarat. Being built with the purpose of providing high quality infrastructure to finance and tech firms, the project combines state-of-the-art connectivity, infrastructure and transportation, the report said.
Interceptor Sewage System, New Delhi
New Delhi has struggled to keep raw sewage from flowing into and polluting the Yamuna river. India’s $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, according to the report.
Narmada Canal Solar project
The first project of its kind, the Narmada canal solar project in Gujarat, conserves water and generates electricity. The $17.9 million project will place a solar photovoltaic grid over the top of a 5.5-kilometer section of the Narmada canal, preventing water from evaporating and producing renewable power. The project virtually eliminates the requirement to acquire vast tracts of land and limits evaporation of water from the 750 meter long canal, tackling two challenges simultaneously by providing energy and water security.