Do More With Reuters
Partner Services

INTERVIEW - Delhi metro shows the way for India infrastructure

Fri Jul 3, 2009 6:26pm IST
 
Email | Print | | Single Page
[-] Text [+]

By Matthias Williams

NEW DELHI (Reuters) - India's efforts to build badly needed infrastructure will get a boost from the ruling Congress party's strong mandate for reform, but the country needs sweeping changes in how it implements projects, Delhi's metro chief said.

The capital's shiny metro system, built ahead of schedule and within budget, is a rare example of how big construction projects can be efficiently completed in India to spur its economic rise, but bureaucratic meddling makes its success hard to copy.

Led by the understated Elattuvalapil Sreedharan, a 77-year-old civil engineer, the subway enjoys strong government support and is not shackled by the delays, cost-overruns and red tape that have plagued big projects in India for decades.

Despite the Delhi metro's success, Sreedharan said India lags far behind Asia's other emerging economic giant, China, in fast implementation, often because of New Delhi's short-sighted planning, a lack of political will and government interference.

"That vision or determination that things should move fast, that's not available in our country," he said in an interview. "Unfortunately what is happening is that everybody wants to control things. Nobody wants to take responsibility."

But times may be changing. The Congress party won a decisive election victory in May and reaped a strong mandate to push economic reforms, even as it emphasises inclusive growth.

"It will definitely make a difference. There will really be a good push towards infrastructure projects," said Sreedharan, who is the managing director of the Delhi Metro Rail Corp.

"Only thing is the implementation style has to change. You see with the present implementation style, the government will not be able to achieve much."  Continued...

A general view of the Abu Dhabi skyline is seen, December 15, 2009. REUTERS/Ahmed Jadallah
Dubai Debt Crisis

Dubai World's lenders are meeting on Dec. 21 to decide on the six-month standstill request on the company's debt pile.  Full Coverage | Full Article 

U.S. President Barack Obama addresses the session of United Nations Climate Change Conference 2009 in Copenhagen December 18, 2009. REUTERS/Bob Strong
Obama clinches climate deal

U.S. President Barack Obama forged a climate deal with emerging economic powers on Friday, breaking a deadlock at U.N.-led talks.  Full Article | Full Coverage 

Photo
People walk past the Bombay Stock Exchange (BSE) building in Mumbai in this January 2009 file photo.  REUTERS/Punit Paranjpe
More Time to Trade

Share your views about the new market timings of India's stock exchanges.  Blog | Full Article 

Market Update

  • IndiaIndia
  • USUS
  • UKUK
  • Asia
  • Most Actives

Showcase

Gold Funds
Gold Funds

Retail clients flock to gold MFs as the yellow metal surges to fresh records.  Full Article 

 
Personal Finance
Personal Finance

Get tips on how to keep that moolah in your pocket.   Full Coverage 

 
Reform Strategy
Reform Strategy

The government will use political clout to push tax reforms that would boost revenues.  Full Article 

 
Succession Mystery
Succession Mystery

Tough to let go for 70-something fashion designers.  Full Article 

 
Central Banks Cautious
Central Banks Cautious

Reuters tracks the policies of the world's top central banks as the debate over global economic recovery rages on.  Full Coverage 

 
Positive Outlook
Positive Outlook

Moody's ups rupee rating outlook to positive.  Full Article