Smart city projects worth Rs 2 lakh crore up for grabs

Tue, 2019-09-17 17:31 -- SCC India Staff

smartcityproject

The Government will award tenders worth over Rs 2 lakh crore by March next year, as well as finish smart city projects worth Rs 50,000 crore by June 2020. This was done in order to fast-track the implementation of the Smart Cities Mission (SCM).

The Ministry of Housing and Urban Affairs will issue tenders for all the projects under the SCM by March 2020. It has already started work in this direction and ministry officials are coordinating with respective cities.

At present, 100 cities have created SPVs for launching various smart city projects. Tenders have been issued for more than 3,800 projects worth around Rs 1.41 lakh crore, which constitutes 70 per cent of the value of all the projects under the mission. Of this, work has either been completed or has started on around 3,000 projects worth Rs 97,000 crore. A senior official said the ministry has also created a central command centre – National Urban Observatory – to track the progress of various projects and coordinate with stakeholders at the national, regional and local levels.

The smart cities mission, which was launched in June 2015, intends to transform 100 cities into smart IT-enabled cities with a focus on sustainable and inclusive development of urban clusters. The models developed would be replicable and would be used for similar projects in future.