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The Indian Innovation Awards, 2005 Infrastructure Leasing & Financial Services (IL&FS)

(a)

Innovative Project Implementation Management: Success project implementation process featured on defining a

of the detailed

program or a project implementation cycle, of tasks

& responsibilities

across the organization and outside it. This resulted in the project in a record time of 15 months including land

construction acquisition

of

(b)

Innovative Integration the first project in the irrigational demands of

to

meet

regional

requirements: This is

country

to

integrate

industrial,

domestic

and

the

project

influence

area.

The

formation

of

the VIWSCo upfront in the process served as the platform for

bringing

together

all

the

key

stakeholders

of

the

project

during

the

developmental process. This resolution of conflicts between expeditious process for taking fruition

facilitated information exchange, the stakeholders and established an this complex green-field project to

(c)

Innovative Financial Packaging of the Project: The innovative financial

engineering

and

security

structure resulted in a

greater

clarity

and

understanding of risks and means to mitigate them

(3)

Achievements will be the

Outside water

the Organisation: Being a

supply

life-line

in

the

demand based project

that

Vizag Economic Corridor, the

Project has political and administrative support at institutional framework in the form of an Infrastructure

the State level. The Authority, set up for the

purpose

of

facilitating

the

Project

development,

has

been

very

proactive

in

decision-making. In addition, there was a serious political commitment to Project. Further, review of the progress of the Project is being done at level of Cabinet Sub-committee and the Chief Minister, with directions sorting out administrative issues

the the for

The continuous involvement of all stakeholders – Project development organizations, government, bidders and consumers – has enabled necessary mid-course changes with appropriate risk allocation, thereby ensuring a bankable and successful Project development

(4)

Specific Socio-Economic Impacts: As a part of project development process, a detailed Environmental and Social Assessment Report (ESAR) was prepared. It was observed that on one side the canal was creating problems for the water logging for the farmers due to seepage on the other side at some locations canal seepage was benefiting the farmers who were moved from one crop to 2-3 crops in a year

_____________________________________________________________________________

Category – Physical Infrastructure Development Visakhapatnam Industrial Water Supply Project

3

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