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INR 800 crore for smart cities which compete for 15 best projects - Mr Puri

Infra News - Published on Thu, 12 Jul 2018

Image Source: arcweb.com
Times of India reported that about INR 800 crore will be up for grab for cities that can compete for the 15 best projects in four areas including sustainable mobility, public open spaces, urban governance and organisational innovation in low-income settlements. The Centre announced grant of INR 2 crore assistance each for 25 cities including more than half a dozen state capitals for planned urban expansion.

Launching the new schemes for cities under the two flagship missions, housing and urban affairs minister Mr Hardeep Singh Puri said the French lending agency, AFD, will provide approximately INR 800 crore for the 15 projects as a grant. The repayment of the principal and interest would be equally shared by the Central government and states. An official release said that “Each awarded project will benefit from a grant ranging from INR 20 crore to INR 80 crore.”

This is for the first time any urban project will be selected through ‘challenge mode’. The duration of the programme will be three years till 2020- 21.

Mr Puri said in a first the government will also provide Smart Cities fellowship and internship programmes, which will provide the youth an opportunity to experience various aspects of urban planning and governance. He said that “We want the best of brains from Indian and foreign universities to avail this opportunity and come out with path-breaking innovations. We will also give cities the digital payment award to promote ease of living for urban people by promoting digital payments and encouraging smart cities to adopt innovative digital payment initiatives.”

Announcing the list of cities, which will get the INR 2 crore central assistance each for developing the Local Area Plan (LAP) and Town Planning Scheme (TPS), Mr Puri said the focus of these initiatives is to enable planning for developing infrastructure in the brownfield areas, which are already developed, and Greenfield areas, which are the periphery of the city that is prone to haphazard growth and development. The cities that will be covered including Faridabad, Indore, Vadodara, Bengaluru, Chennai, Varanasi, Pune, Patna, Bhubaneswar, Shimla, Srinagar and Dehradun.

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Posted By : Nanda Koijam on Thu, 12 Jul 2018
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