Urban Infrastructure has a vital role to play in both economic growth and poverty reduction. Consists of drinking water, sanitation, sewerage systems, electricity and gas distribution, urban transport, primary health services, and environmental regulation.
Cities are wealth creators and generate employment for urban youth—rich and poor, skilled and unskilled.
Urban infrastructure projects are ideal for financing through PPP routes and the time is ripe to regenerate urban cities.
- With approximately 28% of our population residing in India’s urban centers, contributes to more than 50% of India’s GDP.
- urban population is expected to double – from 288 million in 2000 to 590 million by 2030 – making up some 40 percent of India’s people, creating huge burdens on existing infrastructure and need of new infrastructure facilities.
- In addition, despite urban India’s significant contribution to the growing economy, it faces serious infrastructure problems.
- To sustain economic growth and uplift India’s large population out of poverty, however, there is urgent requirement for improving India’s urban infrastructure services, specifically in the areas of water supply, sewerage, solid waste management, roads, transportation and housing.
CFL’s strong suit lies in its structural approach towards providing able support to both public and private agencies and NGOs on projects to develop and institutionalize innovative and implementable solutions