Re-Calibrating the PPP model likely to spruce competition in developing airports, roads and railway stations and other multi – modal transportation infra
Transportation has the ability to power lives and plays a large part in controlling our daily movements. Infact, it has become a necessity. From daily commuting to travelling far off places or carrying goods from one place to another, these modes of transportation not only drives our daily life but also support terrifically in economic development. But to support the seamless movement of these varied modes of transport, there is requirement of smart and supportive infrastructure. A best example indicating that how important transport infrastructure is for a growing economy is best shown in Union Budget 2019-20. As per the Union Budget for this fiscal , transport infrastructure in India is anticipated to see remarkable investments of upto INR 30 Trillion by 2024. Railways, Roads and Highways are likely to get the maximum chunk of this planned investment, with railways projected to receive a financial outlay of upto INR 12 Trillion. Taking cues from the leading global economies, this time Indian railways is not just focusing on expanding the networks but to also maintain and enhance the quality of its existing infrastructure – largely the stations. The impetus is on providing improved and facilities at the railway stations matching international standards.
Hence, enincon team of experts pondered to discover all these opportunities and present them in form of a dossier which factors both high end analysis and robust datasets for seamless transition of business decision making for the industry leaders and associated value chain players. For detailed view on content and coverage of the report , download the table of content.
BUSINESS CASE FOR DEVELOPING TRANSPORT INFRASTRUCTURE IN INDIA
- Development of transport infrastructure in India to receive a capital outlay of INR 25-30 Trillion by 2024
- Indian government to give impetus on the need to enhance port-led development through Sagarmala scheme and develop inland waterways to use rivers for cargo movement to de congest road and rail networks
- Cargo volume on river Ganga is anticipated to grow four times by 2024. Two more inland waterways terminals at Sahibganj in Jharkhand and Haldia in West Bengal likely to get commissioned by the end of FY’2019-20
- A budgetary allocation of INR 450 crore has been announced for inland waterways for FY’2019-20
- Indian railways making efforts to provide improved facilities at the stations including those located in small cities and towns. More focus is given on providing facilities such as – Lifts & escalators, battery operated vehicles, plush waiting lounges, Wi-Fi facility, cafeterias and upgradation of passenger amenities etc.
- Reiteration of focus on setting up new airports and expansion of existing airport capacities. Moreover, the government also plans to improve the connectivity with the underserved /unserved airports
- An investment to the tune of INR 9 Trillion is planned to be pumped into the roads and highways sector