Urban infra sector offers Rs 73 lakh crore investment opportunity: Venkaiah Naidu

Urban infra sector offers Rs 73 lakh crore investment opportunity: Venkaiah Naidu

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Urban infra sectorVenkaiah Naidu​,​ Union Urban Development Minister speaking at the India Investment Summit organized at Delhi. said that the urban infrastructure sector offers a Rs 73 lakh crore investment opportunity for private sector and PPP investments over the next 15 years. The Minister emphasized that private sector investments and Public-Private Partnerships are the chief instruments of resource mobilization to build the much needed urban infrastructure in the country. While discussing about the gaps in urban infrastructure, Naidu noted that 50 per cent of urban households still do not have water connections, only 69 litres per capita per day (lpcd) of water is being supplied in urban areas as against the norm of 135 lpcd, average water supply is only for 3 hours. He added that sewerage network services cover only 12 per cent households and only 5 per cent of sewerage treatment capacity is available in urban areas. He further said these gaps affect the urban poor the most. He noted that the Smart City Mission, Atal Mission for Rejuvenation and Urban Transformation (AMRUT), Swachh Bharat Mission and Prime Minister’s Awas Yojana (Urban), which are aimed at ensuring urban infrastructure offered huge investment opportunities of the order of USD 1,123 billion. Naidu said that ensuring basic urban infrastructure requires Rs 56 lakh crore.

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