Bridging the Resilience Gap: A Call for Infrastructure Overhaul in India
A report by the Coalition for Disaster Resilient Infrastructure highlights the lack of resilience measures in India's road, railway, and power sectors. The report stresses the urgency of integrating disaster resilience into infrastructure to protect public finances and sustain development, citing significant fiscal risks and infrastructure losses globally.
- Country:
- India
India's road, railway, and power sectors are currently vulnerable due to a lack of resilience measures in their policies, according to a recent report. This poses a fiscal threat as global infrastructure losses reach astonishing figures, with $845 billion estimated annually.
The Coalition for Disaster Resilient Infrastructure released the report on Wednesday, highlighting key areas requiring attention to mitigate vulnerabilities. Amit Prothi, director general at CDRI, emphasized that investing in resilient infrastructure today can significantly reduce tomorrow's fiscal shocks.
The report identifies major gaps, such as the absence of disaster-management procedures in contracts and limited resilience considerations. It calls for the incorporation of resilience clauses in contracts and innovative financing strategies to enhance disaster resilience in infrastructure projects.
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