Karuna Gopal has stated that to see the future of the Strategic Road Development Project (SRDP) of Hyderabad it will definitely fail, where bold pronouncements like this have to be of course backed by strong facts, and he has started with the government order G.O.RT. No:208 that gives a snapshot of this mega project.
He has also added that private investments into PPP projects have plummeted by 30 per cent in the last five years and market indications have suggested that this trend will continue beyond 2016. The key words used are, `High Priority', `Multipronged`, `Global Smart City' and `Public Private Partnership' (PPP).
It is said that GHMC has cancelled the Deferred Annuity Payment mode tender for construction and invited fresh bids under Engineering Procurement and Construction (EPC) mode which means huge monetary liabilities for the government are often amounting to great losses.
The Bandra-Worli sea link was planned as an Rs 300 crore projects but actually cost Rs 1,600 crore and five years delay and it is not that conceiving infrastructure projects is wrong or PPPs are not the right route, but one must factor in contextual realities of such decisions.
