Sustainable Infrastructure rider during awareness in India Infrastructure

India infrastructure report in recent years has been exposing certain gaps in the financing and management of infrastructure projects that need to be corrected. This is because the infrastructural developments are falling short of sustainability needs. For any country to expect to keep a steady growth they must practice sustainable infrastructure and India is not an exception to this general rule. Sustainability is key in whichever sector and should be always considered before any money can be allocated or work can start on any given infrastructure project. The good thing here is that sustainability is somewhat a measurable factor since there are certain parameters that can be used to determine just how sustainable a project is.

The lack or failure to prove sustainability alone can be grounds for the financing of a particular project being denied. This is because allocating public funds to a project that is not sustainable can be equated to dumping money in a pit that will have no returns. This means that the project even after completion will always need to be continuously allocated funds to keep it running. There are certain components of a sustainable project that should always be considered and below are a few of them.

Data Collection and Evaluation

Any project will need to have facts and figure that have been properly evaluated. It is these facts and figures that will paint a picture of just how the project can be sustained after completion. While some projects do not give back directly, it is not impossible to estimate the level of effect they will have on the economy. Projects that cannot sustain themselves and that do not have any economical advantage are not really worth drowning money in. data collection and evealuation is therefore a very important aspect of any development project.

Fiscal Management

This refers as to how the project will be managed from start to finish and beyond. This means that there should be a clear plan as to how the project will be implemented and how it will be sustained and maintained. Lack of such a plan will only mean that there is a high likelihood that the project may fail. When such is the case, the project is best set aside or redesigned to ensure that it can be sustainably managed without wasting public funds. The reason why so many government projects fail is due to the lack of a plan on how the project will be managed post completion. You will therefore see a project that has such potential falling short as a result of mismanagement.

Time Frames

This may not seem as a major factor when engaging in development projects but in actual fact, the timeframe for the implementation plays a major role in sustainability. No project should take so long to implement such that by the time it is complete it is already obsolete. Most infrastructure projects will actually be time sensitive.