Nine new smart cities to invest a whopping Rs 12k crore

Wed, 2018-02-07 10:14 -- SCC India Staff
smart cities investment
The recently-selected nine smart cities—Silvassa, Erode, Diu, Biharsharif, Bareilly, Itanagar, Moradabad, Saharanpur and Kavaratti—have proposed an investment of Rs 12,824 crore of which Rs 10,639 crore would be in Area Based Development (ABD) and Rs 2,185 crore in Pan City initiatives. These whopping numbers would be impacting around 35.3 lakh persons living in these areas. 
These nine cities will undertake project including smart roads, rejuvenation of water bodies, cycle tracks, walking paths, smart classrooms, skill development centres, upgradation of health facilities and pan city projects, which include integrated command control centre and ICT-based municipal services. 
It is heartening to note that the winning cities have improved the quality of their Smart City Proposals by 19% (average) to become eligible for selection. Each city has developed a unique vision and has selected an area (ABD) which will be developed as a lighthouse, to be replicated by the city. These nine cities have approximately 409 projects. The funding sources for these projects are proposed to be with; SCM – with contribution from State and Centre at 61.25%, convergence at 24.19%, PPP at 12.90%, own sources at 1.57% and other sources at 0.09%.