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The UK-India Infrastructure Financing Bridge, a joint initiative of NITI Aayog and the City of London Corporation, has published its first-year report recommending a project assessment framework to guide investor decisions in highways and rapid transit. The report highlights the need to integrate climate adaptation and ESG considerations into project design while calling for more transparency, better risk management, and stronger revenue protection. It also proposes that India's Detailed Project Reports be expanded to include full-lifecycle risk analysis and resilience. Moving into its second year, the initiative will widen its scope to new sectors, including green hydrogen and offshore wind.
The UK-India Infrastructure Financing Bridge (UKIIFB), a collaboration between NITI Aayog and the City of London Corporation, has set out recommendations to strengthen investor confidence in Indian infrastructure projects. In its first-year report, the initiative suggested the creation of a clear project assessment framework for highways and rapid transit projects to help investors evaluate priorities more effectively.
The report underlined the importance of embedding climate adaptation and ESG practices into infrastructure planning and design. According to the findings, early integration of such measures will not only improve resilience but also align projects with the sustainability goals of global investors.
It further recommended enhancing transparency across project preparation, improving risk-mitigation mechanisms, and ensuring better revenue protection. These steps are intended to address uncertainties that often deter investors and to secure predictable returns. The report also noted the importance of smoother repatriation processes to allow international investors to transfer earnings without unnecessary delays.
Another key suggestion was to standardise project preparation by adopting globally benchmarked practices. The report advised broadening the scope of India's Detailed Project Reports beyond technical aspects to cover full-lifecycle risks, resilience measures, and value-for-money assessments. It said this broader approach would create a stronger foundation for financing and improve the quality of investment decisions.
With the programme now entering its second year, the UKIIFB plans to refine its assessment tools further and extend its focus to newer sectors such as green hydrogen and offshore wind. The initiative also intends to deepen engagement with investors, technical experts, and financial partners to expand access to international capital.
The report reflects a wider effort to support India's infrastructure pipeline, which requires large-scale financing to meet growth and sustainability goals. By drawing on global standards and targeted reforms, the collaboration aims to make Indian projects more competitive and attractive to long-term investors.
Source PTI
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