CENTRE TO ANNOUNCE STAGE-I GUIDELINES TO IMPLEMENT SMART CITY’S PROJECTS ON THURSDAY/FRIDAY THIS WEEK: SECRETARY, URBAN DEVELOPMENT

CENTRE TO ANNOUNCE STAGE-I GUIDELINES TO IMPLEMENT SMART CITY’S PROJECTS ON THURSDAY/FRIDAY THIS WEEK: SECRETARY, URBAN DEVELOPMENT

CENTRE TO ANNOUNCE STAGE-I GUIDELINES TO IMPLEMENT SMART CITY’S PROJECTS ON THURSDAY/FRIDAY THIS WEEK: SECRETARY, URBAN DEVELOPMENT

 

No.PR-73
August 11, 2015
New Delhi

 

CENTRE TO ANNOUNCE STAGE-I GUIDELINES TO IMPLEMENT SMART CITY’S PROJECTS ON THURSDAY/FRIDAY THIS WEEK: SECRETARY, URBAN DEVELOPMENT
 

The Ministry of Urban Development will announce the detailed Stage-I recommendations & guidelines for 100 Smart Cities either on Thursday or Friday of this week as such suggestive policy measures have already been finalized with due consultation process with all states and union territories, according to the Secretary, Ministry of Urban Development, Mr. Madhusudhan Prasad.
 

Inaugurating a Conference on “Smart Cities & Urban Transformation” organized here today by the PHD Chamber of Commerce and Industry, the Secretary said that stage-II execution policy decisions relating to Smart Cities are likely to be put in place in next four months time with their implementation schedule, slated to begin from January 2016.
 

Mr. Prasad informed that Special Purpose Vehicles (SPVs) would be floated to implement the Phase-II planning process of Smart Cities with centre contributing Rs.100 crores for each proposed Smart City with similar contribution coming from State and UT concerned.
 

The CEO of the SPV, that would be appointed by the state government to implement the Smart City project through a joint venture arrangement between the State and its Municipalities and similar other bodies with an equity stake of 50-50.  The proposed SPVs would be by and large accountable and responsible to implement smart city project under guidelines from the centre as well as states concerned and also arrange for finances and other such facilities from private sector since the execution of Smart Cities would require huge magnitude of investments.
 

Elaborating on the Stage-I implementation policy measures for Smart Cities, the Secretary said that in the such cities, all modern infrastructure including IT related facilities as also environment and ecologically friendly surroundings be available so that the owners in such units are equipped with all amenities and civic facilities that would be emulated by the others.
 

According to him, the government would also facilitate the spirit of competition within different players so that the best infrastructure is evolved for those that invest in such projects for peace, tranquility and prosperity.
 

In his welcome remarks, Sr. Vice President, PHD Chamber, Mr. Mahesh Gupta said that it would be a huge challenge for the government at the centre and states including union territories to realize the dream of aspirational India that would put its money in such projects for comforts and other such facilities.  Therefore, the implementation part would have to be nurtured with great care and sensitivity with transparent guidelines and policy measures for Smart Cities.
 

Among other who participated in the conference comprised Chairman & Co-Chairmen, Housing & Urban Development Committee, PHD Chamber, Mr. Rajeev Talwar and  Mr. Manish Agarwal & Mr. Ashish Wig.
 

ENDS

Koteshwar Prasad Dobhal
Consultant (PR)