Urban Services
Even with much of the infrastructure development expenditure focused on the public sector, we believe that select private sector opportunities exist in urban transportation, solid waste management and industrial water supply sectors.
The Government’s ‘viability gap funding’, which allows it to fund up to 20% for projects meeting certain criteria, is set to increase investment in the private sector. We advice a number of government agencies and private bodies on suitable PPP models to stimulate development in this sector. To this end, in 2005 we financed two projects to the tune of Rs. 12.8 crore and spent a total of Rs. 46.5 crore on 5 projects.
To effectively address urban transportation needs, we promote alternatives like the High Capacity Bus System (HCBS), believing them to be more viable than capital-intensive options like the metro rail. In partnership with IIT-Delhi, we have implemented the HCBS in parts of Delhi and are exploring its execution in other cities. We have invested Rs. 5338 crore to develop 4,380 km of roads across India. We have also advised the Kerala Government on setting up the country’s first State Road Fund. The fund allows the state government to enter into long-standing contracts to maintain and improve urban roads.
In partnership with NGOs, we expect the development of private projects targeting the collection, transport and disposal of solid waste. We have assisted the Municipal Corporation of Delhi (MCD) in enabling private sector participation in the city’s waste management. Guidelines, contracts and agreements prepared by us, support the MCD’s efforts to increase public-private partnerships in this sector. A similar exercise has been carried out for the city of Thiruvananthapuram under our aegis., We have identified more such nation-wide opportunities for the near future.
We are involved in the following urban development projects:
- Bharuch Eco Aqua Infrastructure Limited
- Bharuch Enviro Infrastructure Limited
- Feedback First Urban Infrastructure Fund
- Feedback Ventures Private Limited
- iDeCK - Infra Dev Corporation (Kar) Ltd.
- IVRCL Infrastructure and Projects Limited
- MDDA - Ramky IS Bus Terminus Limited
- Ramky Enviro Engineers Limited
- Rohan & Rajdeep Infrastructure Pvt. Ltd.
- Tamilnadu Urban Development Fund
