Chief minister N Kiran Kumar Reddy congratulated the Hyderabad Metro Rail on receiving the best engineering project of the year award at the Sixth Annual Global Infrastructure Leadership Forum Conference being held in New York, United States.
The chief minister said that the global recognition won by HMR would boost the competitive advantage of Andhra Pradesh and attract more investments to the state and the country.
The Global Infrastructure Forum on Thursday selected HMR as the best engineering project of the year out of 100 top global infrastructure projects.
The chief minister, while hailing the HMR for winning the coveted award, asked HMRL to work with clear milestones to complete the project with world-class standards right on schedule.
Three projects, namely, Trans-Anatolian Gas Pipeline (Rs 37,800 crore) of Azerbaijan, HMR (Rs 14,132 crore)and Al Abdaliyah Integrated Solar Combined Cycle Plant of Kuwait were short-listed for the final round and competed for the award. Based on intense evaluation of multiple parameters and the PPP made by HMRL managing director NVS Reddy, the HMR project was finally awarded the top prize.
NVS Reddy, along with principal secretary (municipal administration and urban development) B.Sam Bob and secretary to chief minister KS Jawahar Reddy, received the award from Aconex’s chief executive officer Leigh Jasper and CG/LA Infrastructure president and CEO Norman Anderson in New York on Thursday at a function attended by around 400 top public and private sector executives, bankers, financial experts, consultants and industry leaders specialising in infrastructure projects.
While presenting the awards, Leigh Jasper said that the project of the year awards recognise exceptional projects and exceptional leaderships. Norman Anderson said that the winning projects not only represent best practices but also mobilise this generation’s legacy for the next generation and that they are literally the design for the future.
Appreciating the presentation on the HMR and its innovative financial and engineering design, Nuria Fernandez, head of New York’s Metropolitan Transportation Authority (MTA) expressed that the United States of America should follow similar innovative practices.
The Global Infrastructure Leadership Forum is supported by several top global consultancy and infrastructure firms. It had initially selected 100 projects from around the world as the Strategic Hundred based on several criteria such as business opportunity, productivity creation, competitiveness creation, job creation and carbon efficiency.
These top global 100 infrastructure projects have been identified for their ability to create world-class infrastructure in their respective sectors and regions and to contribute to the competitiveness and economic development of their respective countries/regions.