By Accommodation Times News Services
The government announced that 14 more new smart cities would be soon declared under the flagship ‘Smart City Mission’ which will receive the first tranche of funding. “Already 20 cities have been selected. Another 13 or 14 cities are going to be announced in a day or two and these will be included in the first set of cities, which will receive the first tranche of funding,” Urban Development Minister M Venkaiah Naidu told a gathering at the CII Smart City Investors Meet here.
He said there are huge opportunities for private players as the first 20 cities would require investment to the tune of $7 billion. Emphasising on the role of the private sector in the development of smart cities, Naidu said there is an urgent need to involve it and bring in their expertise and technology to meet the aspirations of the citizens in these cities.
Naidu informed that the ground work for the first round of smart city projects have been completed and construction was expected to be begin in these cities by June 25.
“Happy that smart city mission is becoming a reality, ground work is completed, detailed project reports (DPRs) are approved, money being released for the first installment and by June 25 I would like to see smart city construciton work start in different cities,” he said.
The event was attended by ambassadors of the US, Japan, South Korea, Spain and the High Commissioner of UK, among others.
They all assured their commitment and support in building smart city in India financially and technologically.
Naidu said a lot of investors are showing interest in the public-private partnership (PPP) projects.
“They can invest in transportation, water supply, sewerage plants, alternative transport system all opportunities are open,” he said.