Many PPP projects under disaster risk shadow: UN

  • 23/06/2013

  • Times Of India (New Delhi)

New Delhi: A United Nations (UN) report h as warned India that it is at greater risk by opting for public private partnership (PPP) mode of investment for raising its public infrastructure where the government has less control over its executing private partners and the l atter has little interest in long term safety of the projects. A UN study, the Global Assessment Report (GAR) on disaster risk reduction, released earlier this month for Asia Pacific has warned India of its huge infrastructure assets exposed to disaster risk, something like what we have experienced post release of the report in Uttarakhand where flash floods have washed away properties worth thousands of crores while thousands have perished. The report says: “Increasingly, in India, PPPs are emerging preferred mode of investment for publicly managed construction. These partnerships do not necessarily lead to improved disaster risk assessment and management, and may underplay disaster risks or lead to their transfer as shared costs to the public sector or to city residents.” The 2013 GAR study on disaster risk reduction is the third biennial report coordinated by the UN’s Office for Disaster Risk Reduction (UNISDR) and has analysed many of the country’s largest infrastructure projects for their risk exposure to natural and man-made disasters. The findings reveal a sample analysis of 136 port cities with populations of more than 1 million predicting that currently North America has the highest volume of exposed economic assets while it is the population which is at greater risk in Asia.