CHANDIGARH: The state of Haryana accounts for top-most share of over 85 per cent with twelve projects worth over Rs 66,800 crore in the total number of projects under construction in the urban development sector under the public-private partnership (PPP) model, according to industry body Associated Chambers of Commerce and Industry of India (ASSOCHAM).
There are total 81 urban development projects worth over Rs 78,000 crore under construction in the PPP mode across India, wherein Haryana has the lion's share, as per a sector specific analysis by the apex industry body.
While releasing the findings of the chamber's analysis, DS Rawat, national secretary general of ASSOCHAM, said, “Out of the total 881 PPP projects worth over Rs 5.4 lakh crore taken up under the PPP model across India, 181 projects worth over Rs 99,300 crore are under different stages of implementation. Urban Development sector has the share of about 20.5 per cent in the PPP projects under construction in various sectors.”
The second ranking on national PPP graph is secured by Andhra Pradesh with seven urban development projects under construction worth about Rs 2,700 crore followed by Madhya Pradesh where nine projects worth over Rs 2,650 crore are under construction followed by Rajasthan and West Bengal where seven projects worth over Rs 1,400 crore and 12 projects worth over Rs 1,200 crore are under construction respectively.
“Tamil Nadu has the highest share of over 29 per cent with six projects worth over Rs 1,681 crore in the urban development sector that have been put to service delivery under the public-private partnership (PPP) model,” according to the ASSOCHAM analysis.
The analysis also highlights that there are close to 49 urban development projects worth over Rs 5,700 crore under operation in the PPP mode. Moreover, about 29 projects worth over Rs 9,800 crore are under bidding in the urban development sector.
Maharashtra secured top-most slot in urban development projects under bidding with three projects worth over Rs 3,500 crore. While Karnataka has the highest number of projects under bidding in the urban development sector with 10 projects worth over Rs 1,700 crore.
Furthermore, about six projects worth over Rs 3,600 crore in the urban development category under PPP mode are in the expression of interest (EOI) stage.