Recent infrastructure project in urban development and transportation are Mumbai Trans Harbour Link, Aqua line 3 of Mumbai metro, Noida International airport.

Mumbai Trans Harbour link: This the road bridge connecting Mumbai with Navi Mumbai. When completed will give the faster connectivity with Mumbai-Goa highway, Mumbai-Pune Expressway. It would be the longest sea bridge in India.

Aqua line 3 of Mumbai metro: An underground line announced as a joint venture between Government of India and Government of Maharashtra on the sharing basis of 50:50. Most of the project is financed by JICA (Japan International cooperation agency) under ODA (Official Development Assistance) loan around 57.2%. Its first phase is expected to be available for public use by July 2024.

 Noida International Project: Also known as Jewar Airport. It will help in decongestion of Indira Gandhi International Airport. The airport is being developed through public-private partnership model. The plan is to build a two runaway airport by 2024 and to expand it to 7,200 acres six runway airport.

Implementing agency- The Noida International Airport Limited (NIAL) on the behalf of Government of Uttar Pradesh.

It is planned to be India’s and Asia’s largest airport.

[Note: According to the recent Union Budget 2024-25 the government had allocated Rs 11,11,111 crore for capital expenditure which is 3.4 percent of GDP.]

For funding infrastructure projects government do not adhere to single option instead they opt for various possibility like,

1.  For states they provide loan (long-term interest free loans) from the budget                 allocated for resource allocation.

2. Also, nowadays government is more inclined toward private sector                                 investment providing viability gap fundings.

3. Funding from different countries like Japan (in the form of ODA) is also                      incorporated.