Article appeared on profit.ndtv.com
Having provided funds and expertise for the metro rail, Japan will now help India build futuristic smart city with minimal pollution, maximum recycling and consumption-efficient public transport system.
The project, which will also include 11 investment regions and 13 industrial areas, is being touted as the next big thing in the country's urban infrastructure space.After roads, ports and airports, now cities will be built via public private partnership.
Japanese industrial majors Hitachi, Mitsubishi, JGC group and Toshiba are all geared up to set up smart eco-cities in six Indians states including Haryana, Gujarat and Maharashtra with an initial investment of about $400 million dollars.
An initial agreement to this effect was signed between the state governments and Delhi-Mumbai Industrial Corridor Development Corporation (DMIDC).
Amitabh Kant, CEO and MD of DMIDC: "In the Delhi-Mumbai corridor about 80 per cent will be PPP projects, 20 per cent will be trunk infrastructure, which will require long term institutional bonds."
The cost of the mega infrastructure project covering 1483 km across six states is estimated at $130 billion dollar. Six gas fired power projects of 1,000 MW capacity each will also be built as part of the project.
The first phase of the project covering three regions in Gujarat, Haryana and Maharashtra will be completed by 2016. DMIDC hopes to attract 20 lakh people to each of these regions.
Meanwhile, these smart cities will be built on the lines of Japanese cities Kita Kyusyu and Yokohoma. The key words for these cities will smart technology, recycle and reuse where even automobiles will be recycled as it is done in the Japanese cities.
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