Contents
Declaration 2
Acknowledgement 3
List of Figures 4
List of Tables 6
List of Abbreviations 9
Abstract 10
Chapter 1: Introduction 14
1.1. Background 14
1.1.1. Infrastructure Development in India 14
1.1.2. Impacts of Infrastructure Development 16
1.1.3. Value Capture in Infrastructure Development 16
1.1.4. Concepts of Value Capture 17
1.2. Sabarmati Riverfront Development Project 18
1.2.1. Introduction 18
1.2.2. Project Description 18
1.2.3. Project Aims 18
1.2.4. Project Financing 20
1.2.5. Project Implementation 20
1.2.6. Relocation and Rehabilitation of Displaced Citizens 22
1.3. Problem Statement 24
1.4. Objectives 25
1.5. Scope of work 26
1.6. Research Methodology 27
Chapter 2: Literature Review 28
2.1. Social Value Capture 28
2.2. Financial Value Capture 30
2.3. Case Studies 42
2.3.1. Sardar Sarovar Project 42
2.3.2. Kolkata Environment Improvement Project (KEIP) 43
Chapter 3: Research Methodology 44
3.1. Research Aim 44 Page 12 of 136
3.2. Research Approach 44
3.2.1. Quantitative Analysis 44
3.2.2. Qualitative Analysis 45
3.3. Research Design 45
3.3.1. Identification of Stakeholders 45
3.3.2. Pilot Visits 45
3.3.3. Design of Performance Parameters 46
3.3.4. Questionnaire Design 47
3.3.5. Selection of Final Sites for Research 58
3.3.6. Setting the Sample Size for Research Surveys 61
3.4. Research Analysis Procedure 62
3.4.1. Formulation of Hierarchical Approach 62
3.4.2. Stage 1: Establishment of Hierarchy of Performance Parameters 62
3.4.3. Stage 2: Derivation of Relative Weights of Performance Parameters 63
3.4.4. Stage 3: Methodology for Calculation of Indices of Basic Performance Parameters 67
3.4.5. Stage 4: Derivation of Impact Indices of Performance Parameters 68
3.4.6. Socio-Economic Impact Index for Rehabilitated Residents 68
3.4.7. Socio-Economic Impact Index for Rehabilitated Businesses 72
3.4.8. Socio-Economic Impact Index for Relocated Businesses 75
Chapter 4: Data Collection 78
4.1. Rehabilitated Residents 78
4.1.1. Vijay Mills 78
4.1.2. Vatva 1: Sadbhavna Nagar 85
4.1.3. Rustom Mills 93
4.1.4. Comparative Analysis and Inferences 100
4.1.5. Composite Socio-Economic Impact Index for Rehabilitated Residents 104 4.1.6. Qualitative Analysis and Inferences 107
4.2. Rehabilitated Businesses 108
4.2.1. Laundry Campus (Dhobi Ghat) 108
4.2.2. Sunday Market (Gujari Bazaar / Ravivari) 113
4.2.3. Comparative Analysis and Inferences 117 Page 13 of 136
4.2.4. Composite Socio-Economic Impact Index for Rehabilitated Businesses 119 4.2.5. Qualitative Analysis and Inference 121
4.3. Citizens and Visitors 122
4.3.1. Socio-Economic Impact Index for Citizens and Visitors 122
4.3.2. Composite Socio-Economic Impact Index for Citizens and Visitors 126
4.3.3. Qualitative Analysis and Inference 127
4.4. Composite Socio-Economic Impact Index 127
4.5. Financial Value Capture 128
4.5.1. Organization of Governing Bodies 128
4.5.2. Project Financing 128
4.5.3. Tools of Financial Value Capture 129
Chapter 5: Recommendations 131
Chapter 6: Conclusion 132
References 133