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Past Issue • Jul-Sep 2014

Increasing Value for Money in Infrastructure Investment

The newly elected Government of India’s key objectives include initiating reforms in the critically important infrastructure sector. While raising investor confidence is essential to strengthen the sector and India’s economy, Oshani Perera and Tilmann Liebert elucidate on how adopting investment practices that adhere to the principle of ‘value for money across the entire life cycle of an asset’ can ensure sustainable and equitable development. The Case for Value for Money We write this article as the newly elected Government of India takes oath and pledges to work towards development and economic reforms for a “glorious future for India” as Narendra Modi pronounced when sworn in on May 26, 2014. Among the top ten priorities of the incoming administration are infrastructure reforms with the objective of raising investor confidence. This is to be welcomed, as infrastructure is paramount to Indian prosperity. With a planned doubling of investment in infrastructure to Rs 40.9 trillion during the 12th Plan period (2012–2017) (E&Y & FICCI, 2012), it becomes extremely important for the new government to ensure that whatever is ultimately invested will yield value-for money for the public purse.

ABOUT THE AUTHORS

  • Oshani-Perera

    Oshani Perera

    Oshani Perera is Programme Leader at the Institute for International Sustainable Development (IISD) and oversees projects on the Public Procurement and Infrastructure Finance Programme.
  • Tilmann-Liebert

    Tilmann Liebert

    Tilmann Liebert is Programme Officer at the Institute for International Sustainable Development (IISD) and manages projects on sustainable procurement and infrastructure.
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