Special Purpose Vehicle to kick start smart city project in Bengaluru soon !

By Accommodation Times Bureauk-j-george

On Tuesday, city in-charge minister K J George instructed BBMP and other stakeholders to form a special purpose vehicle (SPV) to effectively implement projects enlisted in the smart city application sent by the Palike. On June 23, Bengaluru made it to the list of 30 smart cities announced by the Centre.

BBMP, in its project, has listed 10 interventions categorized into seven area-based development projects and eight projects to develop governance and service delivery systems using technology, pegged at Rs1,700 crores. Of the total, it will get Rs 500 crore from the Ministry of Urban Development (MoUD) in five years, and the rest will come from the state government.

N Manjunath Prasad, BBMP commissioner said: “Projects for which detailed project reports are ready can be taken up without waiting for the Centre’s allocation. DPR for KR Market renovation and Shivajinagar bus terminal and playground redevelopment are ready. We want Jana USP to be our project consultant for all the projects enlisted in the smart city application. We need to take permission from the state government to allow third-party consultant.”







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