Page 79 - Traffic Infra Tech
P. 79

COVER STORY PLUS







                   This article by  Venkata Subbarao, Associate Director, IBI Group is
                   based on the views expressed by the  panelists during a session held at

                   TrafficInfraTech Expo, Hyderabad. The other panel members were Lovleen
                   Garg, Assistant Vice-President and Head- Environment Sustainability,
                   GIFT City; S Ramakrishna, Senior Vice-President, UMTC and JVS
                   Ramakrishna, Head- Business Initiatives & Customer Relations-Smart

                   Cities Infrastructure, L&T  Ltd.


                           mart City  Mission,  the   approach for selection of proposals,   For  e.g. planning  and  design  of
                           promise of this tech-savvy   projects  and  engaging  in  a  constant   mobility improvement or public
                           approach to urban renewal   dialogue with the local bodies and   transport projects shall take into
                           includes catalyzing economic   meticulous monitoring of the progress.   account the urban form, travel
                   Sgrowth leading to more            Challenges and remedies for taking   patterns - current and future, fuel type,
                   employment and enhanced incomes   the project to the next stage are   emissions, available road widths, fare
                   for all, an inclusive development   being discussed keeping in view the   pricing strategy, collection methods,
                   especially for poor and disadvantaged,   four promises of Smart City Mission   integration with other modes of
                   improving quality of life of its Citizens   i.e., improving quality of fife, ensure   transport, subsidies for environmental
                   and finally, a clean & sustainable   Sustainability,    achieve  economic   friendly options etc.
                   environment. The whole initiative is   growth and inclusive development.  Similarly will also cause challenges
                   designed to mesh infrastructure with   Comprehensive and Integrated   Design Projects to attract Private
                   technology to yield Smart outcomes   Approach– Undertaking projects   Participation – While the rationale for
                   through the application of ‘Smart’   in haste to demonstrate progress   private participation in public projects
                   Solutions. While the Mission is
                   currently concentrating on 100 Cities,   without comprehensive analysis of   is no more a debate, the need of the
                                                    requirements and review of other
                                                                                     hour  is  to  build  investor  confidence
                   the aim is to create a replicable model   associated projects planned in the   and attract  the  private  players  to
                   which  will  act  like a  light  house  to   region by all the other stakeholders can   undertake  these  projects.  This  can
                   other aspiring cities which ultimately   result in duplication of effort, wasteful   relieve the authorities from the burden
                   is expected to transform urban India                              of financing, development, operation
                   into a sustainable economic engine.   expenditure and loss of time. Detailed
                                                    design and implementation planning of   and maintenance and restricting its
                    Two years since its grandeur launch,   the projects requires a comprehensive   role to policy, regulatory, enforcement
                   a quick look at the status shows that   and integrated approach after due   and performance monitoring activities.
                   the take-off has been smooth with   consideration of realistic demand   Challenge is that most of the existing
                   identification of 3000 projects worth   forecasts, user socio-economic and   projects are neither in a bankable form
                   1.9 lakh crore impacting 96 million   cultural conditions, locally available raw   nor there is a regulatory environment to
                   population spread across 90 cities. Of   materials, operations and maintenance   make these projects financially viable.
                   these, 79 projects worth Rs 841 crore   needs, environmental, sustainability and   Though Government has undertaken
                   are completed with majority of them   technological considerations. Integration   several policy level measures such
                   comprising of IT, control centers and   shall take into account the scope as well   as those for issuance of municipal
                   surveillance systems.            as schedule/sequencing of the projects.   bonds and levy of user charges,
                    A project of this size and scale is   Planning and design shall take into   existing demand and the willingness
                   bound to have its share of challenges   account the need for implementing infra   to pay conditions do not make them
                   and smartness is in being able to   to enable IT enablement at a later stage.   attractive. This also requires adopting
                   identify them  from time to time in   Also changes/amendments to existing   a concession agreement which shares
                   advance and undertaking appropriate   policy, regulatory and enforcement   the risks appropriately amongst the
                   remedial measures. Until now, the   rules required or need for new shall be   share-holders along with provisions
                   government has been successful in   evaluated for implementation, operation   to recourse and re-negotiation under
                   doing so by adopting a professional   and maintenance of the systems.        extreme conditions.




              www.trafficinfratech-com-500653.hostingersite.com                                                     TrafficInfraTech / AUGUST - SEPTEMBER ’17  79
   74   75   76   77   78   79   80   81   82   83   84