The ratings are key to evaluate the credit worthiness of any particular ULB for raising additional resources from the market, based on its sustainable revenue stream to fund the Special Purpose Vehicle (SPV).
Policy frameworks and tools
The Urban Development minister was speaking at the 'National Strategy Day on India' organised by the World Economic Forum and industry body CII. The move is aimed at easing doing of business in India.
The Municipal Commissioner Sanjeev Jaiswal shares his vision of a clean and green city with additional pro-citizen features in the next three years, while Mangaluru is working towards a economic growth model by forming an alliance between all key stakeholders.
The representatives of the Smart Cities industry along with Founder & Director of the Smart Cities Council India met Dr. Nitin Kareer, Principal Secretary, Urban Development Department for the Government of Maharashtra.
The CII, USTDA, Australian and Japan Council have expressed interest in developing various cities in Andhra Pradesh as smart cities.
This is the fifth such MoU that CII has signed on Smart City - earlier the Industry body singed agreements with German, US, Indian and Japanese Consortiums. The Spanish Consortium was led by INDRA Systems.
The Smart Cities Challenge has now entered the most critical phase, i.e. preparation of the Smart Cities Proposal, following the appointment of the city-specific consultants. Click to find out which consultant is working for a particular city, and also what are the measures that need to be considered while preparing the Smart City Proposal.
The Dehradun Municipal Corporation, Municipal Commissioner, Nitin Singh Bhadauria says that they are in in the process of preparing a detailed Smart City Plan and propose to involve various stakeholders including city residents.
CRISIL, KPMG, ICRA and Jones Lang La Salle are some of the top consultants appointed by the cities. The consulting firms will prepare detailed smart city proposals, including area development plans and financing plans, under the supervision of urban local bodies and state governments. The last date for the submission of the proposals is 15 December, 2015.
West Bengal's Chief Minister Mamata Banerjee during her London visit, had inked an MoU between the WBHIDCO and FCC to work together on smart city projects.