Monday, August 1, 2016

One of the most destructive projects that the ADB is involved in is the Delhi-Mumbai Industrial Corridor (DMIC), a mega infrastructure project that runs from Delhi to Mumbai through six states (Delhi, Uttar Pradesh, Haryana, Rajasthan, Gujarat and Maharashtra), covering an overall length of 1483 km. The DMIC is an extremely ambitious undertaking and includes the construction of super- highways, power plants, ports, railway lines, airports, SEZs, satellite cities, magnet towns, industrial nodes, technology parks, etc. The current estimated investment needed to operationalize the DMIC is USD 90 billion, majority of which is coming from the Japanese Government with significant involvement of the ADB. Although the Indian Government is the “owner” of the DMIC, 75 % of the projects in the DMIC will be privately owned, through PPPs.

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