Indian roads

Raising safety standards on Indian roads.

Overview

MIRA-managed funds began investing in Indian roads in 2013. As it became the largest infrastructure asset manager in the sector, the biggest challenge for MIRA was improving the road safety culture in India.

Sector                Infrastructure


Sub-sector        Transport


Invested            2013

 

Location                 India

Driving change

India has the world’s second largest road network and has quickly grown to become the world’s fourth-largest automotive market1,2. As access to personal mobility has risen, so too have accidents involving the country’s most vulnerable road users – pedestrians, motorcyclists and cyclists3. MIRA’s asset managers have focused acutely on improving the safety environment for the people working and driving on their roads, and for the communities living near them.

MIRA has established safety training and awareness programmes for road workers and engaged extensively with police and local authorities to enforce speed and lane restrictions in work zones.

Partnering with concession authorities to implement the initiatives, MIRA has also invested to build fence barriers and chicanes and pioneered ‘first-in-sector’ initiatives like robotic flagmen and mobile safety vehicles.

These initiatives have supported broad improvements to safety standards on India’s highways, and have helped the assets in which MIRA manages controlling stakes achieve 14 million safe ‘man hours’4. Other investors are now rolling-out health and safety systems and practices originally demonstrated on MIRA’s road investments.


Toll plaza, Gujarat

Investing in safer communities

In partnership with the Macquarie Group Foundation, MIRA’s Mumbai team launched the ‘Let there be Light’ initiative in 2015. On a stretch of high-speed highway near Hyderabad Airport, the initiative helped improve visibility along access routes and at intersections with the installation of new solar lights. The area previously had little lighting – posing a risk to the many people living on its fringes.

MIRA has also supported initiatives to create greater awareness of safe driving practices amongst road users. This has included a dedicated programme for truck drivers to foster cultural changes within India’s logistics sector.

Toll plaza, Gujarat

Dual carriageway, Andhra Pradesh
Largest international investor in Indian roads
Rs2.2 million solar street lighting initiative
~9,500 hours of road safety training each year5

Lifting the barriers to road safety

“We’re proud of the role we’ve played in partnering with employees, local authorities and communities to pioneer a new standard of safety on India’s roads.”

 

Suresh Goyal, Senior Managing Director

 

For more information about our infrastructure capabilities, please contact us.

For more information about our infrastructure capabilities, please contact us.

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All information current as at 31 March 2019, unless otherwise stated.

 

1 Annual Report 2017-2018, Ministry of Road Transport and Highways, Government of India

2 By vehicle sales volumes, LMC Automotive

3 Global status report on road safety 2018, World Health Organisation

Refers to the cumulative number of hours spent by asset-level employees at work between consecutive fatal accidents. Data covers period between September 2015 and March 2019

5 Based on FY19 total for assets in which MIRA manages controlling stakes