Can 2025 union budget revitalize urban infrastructure?

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This decline is attributed to the lack of clear policies and regulatory frameworks that hinder the effective implementation of PPPs in urban infrastructure projects.

Understanding the Challenges

The decline of PPPs in urban infrastructure projects is a complex issue with multiple factors contributing to it.

The Budget 2025: A New Era for Urban Development

The Budget 2025 has been hailed as a significant milestone in the country’s economic development. The government’s ambitious plans to boost urban development have been a long-standing priority, and this budget promises to deliver on that promise.

Key Initiatives

The Budget 2025 includes several key initiatives aimed at promoting urban development. Some of the most notable ones include:

  • Increasing the corpus of the Urban Infrastructure Development Fund (UIDF) to bridge funding gaps and accelerate project completion. Providing fiscal support for private sector participation under the UIDF to encourage public-private partnerships (PPPs) and stimulate economic growth. Launching a new urban development program to focus on sustainable and inclusive urban planning.

    The Budget 2025: A New Era for Urban Development

    The upcoming Budget 2025 is expected to bring significant changes to the way urban infrastructure projects are funded and prioritized. The government has announced plans to allocate a substantial amount of funds to support the development of urban infrastructure, with a focus on addressing regional disparities and promoting sustainable growth.

    Priorities for Urban Development

    The government has identified several key areas that require attention in the upcoming Budget 2025. These include:

  • Urban housing: Providing affordable housing options for low-income families and individuals is a pressing concern. The government should allocate sufficient funds to support the development of affordable housing projects, including subsidies for low-income families and initiatives to increase the supply of affordable housing units. Water supply: Access to clean water is essential for urban residents. The government should prioritize investments in water supply infrastructure, including the development of new water treatment plants and the expansion of existing networks. Sanitation: Proper sanitation is critical for public health.

    Reducing carbon emissions through green building technologies and worker skilling.

    The Need for Sustainable Development

    India’s rapid urbanization and industrialization have led to a significant increase in carbon emissions, posing a substantial threat to the country’s environment and economy. The government has set ambitious targets to reduce carbon footprints and build resilient urban ecosystems, but it requires innovative solutions to achieve these goals.

    Green Building Technologies and Materials

    The adoption of green building technologies and materials can significantly reduce carbon emissions and promote sustainable practices. The government’s budget 2025 should provide tax incentives for developers adopting these technologies and materials. This will encourage more developers to invest in green building projects, leading to a reduction in carbon emissions and a more sustainable built environment. Some of the green building technologies and materials that can be incentivized include: + Solar panels and renewable energy systems + Green roofs and walls + Low-carbon concrete and insulation materials + Energy-efficient windows and doors

    Skilling of Workers in Green Construction

    Skilling workers in green construction is essential to enhance labour productivity and promote sustainable practices. The government can provide training and certification programs for workers in green construction, enabling them to adopt sustainable practices and reduce carbon emissions. This will also create new job opportunities and stimulate economic growth. Some of the benefits of skilling workers in green construction include: + Enhanced labour productivity + Reduced carbon emissions + Improved building quality and durability + Increased economic growth and job creation

    Aligning with India’s Goals

    The measures proposed in the budget 2025 align with India’s goals to reduce carbon footprints and build resilient urban ecosystems.

    The Vision Behind India’s Smart Cities Mission

    The Smart Cities Mission is a flagship program of the Indian government, launched in 2015 with the aim of transforming India’s urban landscape through technology and innovation. The mission is built on the principle of sustainable development and aims to improve the quality of life for citizens in urban areas.

    The author is Partner, JSA Advocates & Solicitors. Views expressed in the above piece are personal and solely those of the author. They do not necessarily reflect Firstpost’s views.

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