PPP needed to meet growing demand for urban transportation infrastructure
The financing and viability of urban transport projects were explored in depth at the 16th Urban Mobility India (UMI) Conference & Exhibition 2023, says Manoj Joshi, Secretary, Ministry of Housing & Urban Affairs.
He stressed the need for innovative funding mechanisms and public-private partnerships to meet the growing demands of urban transportation infrastructure.
He also talked about harnessing the potential of real estate around roads, and called for better financial viability of these projects.
The transition to electric vehicles (EVs) was another significant topic reviewed at the event.
Joshi highlighted the importance of EV adoption to reduce emissions and encouraged urban areas to invest in EV infrastructure.
He underscored the need for Transit Orientation Development (TOD) and called for managing the challenges around it.
Joshi informed that the government is working on adoption of National Common Mobility Card (NCMC) which has potential to enhance the interoperability of various modes of urban transport.
The event, organised by MoHUA through the Institute of Urban Transport (India) and with the support of Delhi Metro Rail Corporation Ltd, brought together leaders, experts and stakeholders from across the globe to discuss and collaborate on the future of urban transportation. It was held 27-29 Oct 2023.
About 22 exhibitors from metro rail companies, public and private sectors participated in the exhibition held along with the event. Fiinews.com
