By Accommodation Times Bureau
The Housing Minister Hardeep Singh Puri on Monday said, around 1350 projects worth Rs 50,000 crore have been tendered in the Smart City Mission, of work have begun or have been completed in 950 projects costing Rs 30,675 crore.
He was speaking while chairing the Consultative Committee meeting attached to the Ministry of Housing & Urban Affairs held at Surat. He said, “Another 400 projects costing about Rs.20,000 crore are at tendering stage. Other projects being implemented in the mission are Smart Roads which optimize the utilization of space and are adding universal accessibility in 31 cities.”
One innovative feature of the mission is that our municipal bodies need to leverage their financial resources by municipal bonds, value capture finance, PPP, multi-lateral loans etc. It is noteworthy that 98 projects costing Rs. 6,000 crore are under implementation with Public Private Partnership (PPP). PPP projects are getting good responses not only in the big cities but even in the smaller towns, He added.
The Ministry of Housing and Urban Affairs has also started a campaign to do the credit rating of cities, which has been completed in 412 cities. He informed that 155 cities have “investment grade”.
During the meeting presentations were made by the CEO/representatives of Smart cities from Surat, Bhopal, Ahmedabad, Pune, Visakhapatnam, NDMC & Bhubaneshwar. The presentations showcased the progress made by projects in various sectors like Affordable Housing projects, Vertical Garden,), Surat Fort and SMAC Centre.
Currently, nine Integrated Control and Command Centre at Ahmedabad, Kakinada, Visakhapatnam, Nagpur, Pune, Rajkot, Surat, Vadodara and Bhopal have become operational.