India has one of the fastest-growing economies in the world, and its infrastructure industry has experienced phenomenal expansion. The Indian government has taken many measures to encourage investment in the industry. After identifying infrastructure as one of the major forces behind economic growth. Due to this, there has been an increase in government-sponsored infrastructure projects with the goal of modernizing India’s infrastructure and raising the standard of living for its people.

1. Projects for Government Infrastructure in India by 2023
The Best Infrastructure Projects in 2023
India has one of the fastest-growing economies in the world, and its infrastructure
industry has experienced phenomenal expansion. The Indian government has taken
many measures to encourage investment in the industry after identifying
infrastructure as one of the major forces behind economic growth. Due to this, there
has been an increase in government-sponsored infrastructure projects with the goal
of modernizing India's infrastructure and raising the standard of living for its
people.
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The impending government infrastructure projects in India and the advantages they
offer will be covered in this article. We'll also talk about the difficulties these
projects confront and how they'll affect builders, government contractors, brokers,
and salespeople in the real estate industry.

2. India's Infrastructure Development Through 2023
Over the past few years, investments have soared in India's infrastructure sector. To
encourage investment in the industry, the Indian government has launched
numerous programmes like Make in India, Smart Cities, & Infrastructure
Development Finance Corporation (IDFC). These programmes have contributed to a
rise in investment across a number of infrastructure sectors, including
transportation, electricity, water, and sanitation.
Infrastructure development is crucial because it has multiple positive effects on the
economy, society, and the environment. It contributes to boosting GDP growth,
opening up employment opportunities, enhancing trade and investment prospects,
enhancing connectivity and accessibility, upgrading healthcare facilities, and
lowering pollution levels.
Overview Of India's Public Infrastructure Projects
The outlook is positive for India's infrastructure during the next ten years. It is
brimming with enticing government programmes & a backlog of substantial projects
that are supported by a sizeable sum of funding. With an emphasis on building more
sustainable structures using greener materials & technology, as well as a growing
need for more sophisticated equipment, India is an important market for
construction equipment producers and developers.
The government has prioritized infrastructure construction, and it is anticipated
that it will be crucial to accomplishing its objective of creating a $5 trillion economy
by 2025. According to the Department of Economic Affairs, GoI, the nation must
invest $4.5 trillion in infrastructure development through 2030 if it is to accomplish
its $5 trillion economic goal by 2025.
Over the past few years, the Indian government has launched a number of
infrastructure projects that are backed by the government. The Bharatmala
Pariyojana, the Narmada Valley Development Project, the Chenab River Railway
Bridge, the Delhi Metro Industrial Corridor, the Mumbai Trans Harbour Link, the
Inland Waterways Development Project, the Navi Mumbai International Project, and
the Zoji-la and Z-Morh Tunnel Project are a few of these initiatives. These initiatives
are intended to update India's infrastructure and raise the standard of living for its
people.

3. A Sneak Peek at Infrastructure Development Projects for 2023
Bharatmala Priyojana
The Bharatmala Project, which has a planned expenditure of USD 130 billion, is to
construct or renovate about 34,800 km of national highways & border roads in
order to offer road connectivity across the whole country. National highways,
bridges, flyovers, bypasses, ring roads, elevated corridors, tunnels, & overpasses will
all be constructed as part of the project to increase connectivity throughout India,
especially in the northeastern regions.
Development of the Narmada Valley Project
By constructing a system of canals and more than 3,000 dams in the river basin, the
massive Narmada Valley Development (NVD) Project, worth USD 30 billion, intends
to better the water system for drinking and agriculture by managing water
resources in the Narmada Valley River. One element of the NVD project is the 1,450
MW hydropower Sardar Sarovar Dam.
DMIC, or Delhi-Mumbai Industrial Corridor
The effort aims to promote economic growth and industrialization along the Delhi-
Mumbai freight corridor by building logistics hubs and industrial zones, including
ports, airports, motorways, and power plants in addition to schools and hospitals.
With a budget of USD 90 billion, the 1,483-kilometer-long DMIC project connects
Delhi with Mumbai via Haryana, Rajasthan, Gujarat, & Maharashtra. The project also
aims to improve employment opportunities and the GDP of the country significantly.
By 2024, it is anticipated to be finished.
Trans-Harbour Link in Mumbai
The ambitious USD 2.2 billion Mumbai Trans Harbour Link (MTHL) project aims to
connect the western end of the still-under-construction Coastal Road with the
eastern end of the Mumbai-Pune Motorway. The 21.8-kilometer-long, 6-lane Sea
Link Motorway bridge road can carry 70,000–80,000 vehicles annually. According
to CM Eknath Shinde's most recent announcement, it is anticipated to be finished by
December 2023.

4. Rail Bridge Over the Chenab River
The 1.3 km long Chenab River Railway Bridge is part of the Udhampur-Srinagar-
Baramulla Rail Link project, which connects Kashmir Valley with the rest of India.
With a budget of USD 92 million, the bridge is a collaborative effort between three
engineering companies, namely Afcons Infrastructure (India), VSL India, & Ultra
Construction & Engineering Company from South Korea. The bridge's overall
construction was finished in August 2022, but rail traffic isn't projected to begin
using it until late 2023 or early 2024.
Project for Inland Development Waterways
The construction of 111 National Waterways in India is the goal of the development
of inland waterways as a component of strategic infrastructure with an investment
of USD 600 million and technical assistance from the World Bank. The project is
planned to be completed by March 2023. The waterways will simplify the
movement of ships and goods. According to the Indian government, the
development of inland waterways might help the nation achieve carbon neutrality
by 2070.
International Airport of Mumbai
After Chhatrapati Shivaji International Airport, Navi Mumbai International Airport
is the second international airport. With a budget of USD 600 million, the project
tried out the public-private partnership approach. For this airport, a Special Purpose
Vehicle (SPV) was established. By the second quarter of 2024, operation is
anticipated.
Project for Zoji-la and Z-Morh Tunnel
The Leh-Srinagar highway is where the Zoji-la and Z-Morh tunnels are located.
These two significant tunnels, which are two-lane, bidirectional, single-tube tunnels,
will allow all-weather access to the route and cut the now three-hour travel time
between Ladakh & Kashmir to 15 minutes.
The time between the Union Territories will be shortened once construction is
completed in 2025. The operator, National Highway & Infrastructure Development
Corporation Limited (NHIDCL), is implementing it under an EPC contract.

5. The Indian government has only a few other infrastructure projects
Mumbai-Delhi Expressway
Mumbai and New Delhi, the capital of India, are connected by the 1,350 km long, 8
lanes wide, and access-controlled Delhi-Mumbai Motorway. The Vadodara-Mumbai
Motorway, which is still under construction, is also part of this project.
On February 12, 2023, Prime Minister Narendra Modi publicly opened the Sohna-
Dausa section of the Delhi-Mumbai Motorway, making it simpler for passengers to
travel between Delhi & Jaipur. The stretch has cut the trip from the National Capital
to Jaipur's five-hour travel time in half to three.
The Delhi-Mumbai Motorway is India's longest highway, measuring 1,386 miles. The
six states it will cross include Delhi, Haryana, Rajasthan, Madhya Pradesh, Gujarat, &
Maharashtra. With more than 40 important interchanges, it would link important
cities like Kota, Indore, Jaipur, Bhopal, Vadodara, & Surat. It is anticipated to be
finished by December 2023 or the beginning of 2024.
Ganga Expressway
The Ganga Highway is a 594 km long, 6-lane wide (and maybe 8-lane wide),
greenfield motorway that is now being built in the Indian state of Uttar Pradesh.
Phase 1 will connect Bijauli village on NH-334 in the Meerut district with Judapur
Dandu village on NH-19 in the Allahabad district. Prime Minister Narendra Modi laid
the foundation stone for the Ganga Motorway on December 18, 2021, in
Shahjahanpur. The motorway ought to be finished by 2024.
Adityanath, the chief minister, has ordered officials to speed up work on the Ganga
Motorway, which will link Meerut and Prayagraj. He established a stringent
completion date, hoping to have the motorway open by December 2024.
The Uttar Pradesh Motorways Industrial Development Authority (UPEIDA) is
implementing the DFBOT Model, & IRB Infrastructure & Adani Enterprises will
construct and operate it. A meeting of the Uttar Pradesh Cabinet was presided over
by Yogi Adityanath in Prayagraj.

6. Bengaluru Metro
Bengaluru Metro, often known as Namma Metro, is a rapid transport network that
covers the entire city of Bengaluru in India. When it first began operating, it was
South India's first underground metro system. There are a mix of elevated, at-grade,
and underground stops on the Namma Metro. Namma Metro has 63 operating
stations as of March 2023, with 55 elevated stations, 8 underground stations, and 1
at-grade station. Running on standard-gauge tracks is the system. The system has a
70 KM length.
The Development of Infrastructure Projects: A Few Schemes
A number of initiatives have been started recently to encourage the sector's
expansion. The National Monetization Plan, the National Single Window System,
Gati Shakti, and the National Infrastructure Pipeline (NSWS) are a few of these.
NIP is a set of projects for social and economic infrastructure that are both new and
old. A coordinated list of projects that are either being proposed, conceptualized, or
are already in the works is created by gathering information from the stakeholders.
The goal is to boost investor confidence by ensuring enhanced access to financial
resources & better project management, which will lower the possibility of project
delivery failure.
The NIP projects a total investment of 111 trillion rupees over a five-year period,
but following the pandemic, the state & central governments—who are tasked with
paying for half of this cost—might find it difficult to adhere to the funding schedule.
While NIP and NMP assess projects individually, coordinated planning is also
important for a seamless expansion of the infrastructure. This need is met by Gati
Shakti, India's comprehensive plan for multimodal connectivity. Gati Shakti brings
together 16 ministries to coordinate infrastructure development and create last-
mile connection amongst the various modes of transport.
Gati Shakti aims to address the challenges of fragmented planning & asynchronous
implementation that have long plagued Indian governance. As a result, a logistics
policy has been developed to ensure efficient mobility and little disturbance. Large-
scale projects like Bharatmala & Sagaramala, seaports, dry ports, Special Economic
Zones, etc. will now be designed concurrently to guarantee optimal utilization.

7. The NSWS is another tactical measure for implementing NIP and NMP. On the NSWS
website, investors can submit requests for clearances. It includes information on all
required permissions and addresses the issue of approval delays. Most likely, the
gateway will go operational this year. Gati Shakti & NSWS provide a framework for
implementing NIP and NMP. It's still unclear how successful they were exactly.
Advantages Of Public Infrastructure Projects
There are significant economic, social, and environmental advantages to
infrastructure development. On the economic front, it promotes private investments
in industries like manufacturing, services, and transportation, which contributes to
GDP growth. By giving skilled labourers employment chances, it also contributes to
the creation of jobs. Furthermore, by enhancing connectivity between various
regions of the nation, it expands commerce and investment prospects.
By facilitating easier access to hospitals & health centres on the social front, it
contributes to the improvement of healthcare facilities. By facilitating easier access
to educational institutions across the nation, it also contributes to the improvement
of educational infrastructure.
In terms of the ecology, it aids in lowering pollution levels by offering superior
public transit services, like metro railways and buses. By having better sewage
treatment and water delivery systems, it also contributes to improving water
quality.
Government Infrastructure Projects Face Difficulties
India's national highways now have 2% less Public Private Partnership (PPP)
projects than they did in 2012, when that number was 85%. The government must
actively engage the private sector in infrastructure development while accepting
some of the financial burden and risk.
Another problem is the counterparty risk. If state and federal governments
occasionally break agreements or abandon projects for political reasons, potential
investors can get disillusioned.

8. But the fact that some policies are changing should encourage investors. Using the
amended public procurement policy as an example, quick payment is now required,
with 75% of running invoices being due within one business day. Currently, bidders
that do well in terms of their technical aptitudes are given 30% of the weight; the L1
rule, which demanded that contracts be awarded to the lowest bidder, has been
overturned. In comparison to past regulations, this marks a significant change.
Conclusion
In conclusion, government-backed infrastructure projects offer a great deal of
potential to boost the economy, create jobs, and enhance the standard of living for
Indians. They offer a wide range of advantages in the economy, society, and the
environment that cannot be disregarded.
By raising the demand for real estate and giving them more prospects for economic
growth, the planned government infrastructure projects will benefit real estate
developers, government contractors, & real estate brokers/agents. In the end, this
may result in more rapid economic growth, higher living standards for Indians
nationwide, and a more promising future for all.
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