Delhi Metro, Yamuna-expressway among 6 infrastructure projects in KPMG world markets report
NEW DELHI: Delhi Metro, Yamuna-expressway and Tata Power’s Mundra ultra mega power project in Gujarat are among the six ventures that have figured in the list of world’s most innovative, impactful infrastructure projects prepared by international accounting firm KPMG.
The other three projects in the KPMG’s Infrastructure 100: World Markets report are Gujarat International Finance Tec-City (GIFT), Interceptor Sewage System and Narmada Canal Solar project.
These projects were evaluated 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.
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, the report said.
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.
Ten years after its first line opened, the $2.3 billion Delhi Metro continues to expand, setting a shining example of how to carry out an effective public works programme.
Taking heed of the problems experienced by the Kolkata Metro – which was badly delayed and 12 times over budget – the development team utilised innovative procurement and strong project and contract management techniques, it said.
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 led what is a landmark PPP for the Indian energy sector, the report said.