Managing rapid urbanisation is a key emerging challenge for the country. India’s cities score low on key parameters like transportation and infrastructure, ease of doing business, sustainability, demography and liveability, health, and safety and security. An estimated R18,000 crore per year is the investment required in the 63 cities covered by JNURRM. India has over 5,000 urban agglomerations and towns, each growing rapidly to take the country’s urbanisation level to 40%.
Financing the infrastructure to meet this demand is only one challenge. Providing the governance structure for efficient build out of the infrastructure, its maintenance and overall management is another equally big challenge. This will require private provision of urban services. Read more
Source : financialexpress.com