Embedding Disaster Resilience in Infrastructure Contracts in Odisha

planned

India is preparing to embed disaster resilience into infrastructure contracts and financing systems, with a focus on Odisha, a disaster-prone state. The initiative includes mandatory risk assessments, redesigned contracts with resilience clauses, parametric insurance-based state risk pools, and the creation of an India Infrastructure Resilience Fund to provide pre-arranged financing for disaster losses. The approach aims to protect public finances, reduce fiscal shocks, and secure long-term development by making resilience a legally enforceable obligation in infrastructure projects.