In a bid to expedite investments in public infrastructure, the Ahmedabad
Municipal Corporation (AMC) is set to invite private sector participation in
funding its projects. The civic body, in coordination with the urban
development department of the state government, is finalising a city investment
action plan – a business model to meet the massive fund gaps for Ahmedabad’s
growing infrastructure requirements.
The city would require support from the private sector for effective urban
services. The city needs to focus on policy making, planning and monitoring,
while the private sector may play a significant role in design, implementation,
operation and maintenance, and financing. Therefore, a city investment plan
(CIP) with short-term and long-term goals for future urban infrastructure
development aligned with state and national government schemes/programmes
will serve as a strategic tool.
Sources in the urban development department said that a future-ready planning
approach by the city will attract investments, foster sustainable and inclusive
growth, and support well-planned development.
A well-structured city investment plan, accompanied by key performance
indicators, will provide transparency in resource allocation and project
implementation. This, in turn, will establish accountability mechanisms and
help citizens and stakeholders monitor the progress of the projects and thereby
ensure that the funds are used responsibly.
