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The Indian Innovation Awards, 2005 Infrastructure Leasing & Financial Services (IL&FS) - page 4 / 4

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

  • (a)

    The rehabilitation of the canal has been optimized resulting in capacity enhancement and that would enable Irrigation Department to convey water for irrigation purpose. The large seepage areas were prioritized to avoid water logging along the canal

  • (b)

    Thus the project is complimentary in meeting irrigation demands at the time of meeting industrial and domestic water supply, resulting in socio-economic benefits to the farmers

(c)

The

Project

will

directly

benefit

the

industrial

development

between

Kakinada and Visakhapatnam. The Government intends to develop this industrial stretch as an Economic Corridor, with this water supply Project coupled with recent gas finds in KG basin, upcoming large power plants (including existing ones), greenfield ports at Gangavaram, Kakinada, etc., and airport upgradation at Visakhapatnam. It is expected that the Eco-Corridor would attract over USD 1 Billion of investments over the next 5-10 years with

an annual production of over USD 4 Billion

(d)

The Project would meet long term water shortfall of 182 Mld for Visakhapatnam City, the city which is poised for a second IT destination in the State and also an upcoming industry cum tourist destination. The Project will also be facilitating direct benefit for irrigation of about 15,714 ha. (38,829 acres) land along YLBC

_____________________________________________________________________________

Category – Physical Infrastructure Development Visakhapatnam Industrial Water Supply Project

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