Overview

Newmech Hydro India

Just like we know that high-quality infrastructure provides direct positive impacts, including higher efficiency, increased safety, decreased environmental impact, and more effective delivery of public goods and services. In most cases, it’s easy to appreciate the value delivered by quality infrastructure. In developed countries we tend to assume that hospitals will have consistent access to power; that our water and air will be relatively clean and free of pollution; that roads, ports, and airports will be available to transport people and goods to the places they need to go. The other side of this conversation is that low-quality infrastructure, even when it comes at a significantly lower up-front price, imposes lasting costs. Poorly planned and constructed infrastructure may not be able to fully perform its planned use, and it can also lead to long-term public debt, accidents, and environmental damage. Unfortunately today, there are many examples of low-quality infrastructure projects that are poorly managed, face delayed completion and huge cost overruns, and pose potential safety concerns. From bridge collapses in India to years of delays, accidents, and billions of dollars in cost overruns in metro construction in Brazil, local governments and populations are the ones who bear the brunt of the cost.