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Finance

Finance

funds

Report highlights challenges for public sector in encouraging private investment into smart city technologies. Lights from cars on a road Private sector appetite to invest in smart city technology – Photo credit: Fotolia City governments should consider launching focused municipal bonds to fund smart city infrastructure, according to a new …
financing

Global business consultancy Deloitte has advocated a threefold approach, including incentives to private sector backers, to financing smart city initiatives. Deloitte smart city report coverIn a new briefing paper from its Centre for Government Insights, it says there is a need for new partnership models for smart cities that reallocate …
Raipur-SmartCity-1

For decades, Indian cities with their overburdened infrastructure have received little or no attention, mainly because the political vote base lay outside Urban India. This despite the fact that by 2030 Urban India would contribute to 70 percent of India’s GDP and new jobs, as highlighted by a McKinsey report. …
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A United Arab Emirates based firm, Cheikh Rakadh Group, has committed to invest $50 million (about Rwf41 billion) in the recently launched Rwanda Smart City Master Plan. The agreement, signed during the just-concluded Transform Africa Summit in Kigali, aims at financing the implementation of the Kigali Smart City MasterPlan. The …
pilot

More federal funding should go toward the development of smart city pilot projects, U.S. Rep. Suzan DelBene says. “I think because there is something for everyone for every type of community out there. We have to use our resources effectively and I think that [smart city technology] is one place …
mobik

Indian mobile wallet major MobiKwik on Monday announced its association with Bhopal Plus, part of Bhopal Smart City initiative as a step towards the national Smart Cities Mission. The tie-up will enable residents of Bhopal in paying taxes and bills for utility services such as electricity and water, digitally. Bhopal …
ebgavi

Belagavi will get around Rs. 1,000 crore for various schemes under the the smart city project, Shashidhar Kurer, in-charge chief executive officer of the project, said in Belagavi on Wednesday. The Union government has already sanctioned Rs. 400 crore for Belagavi. This is being channelled into different schemes to improve …
momenta

In a recent announcement, Momenta Partners has confirmed that it’s closed a seed investment in Soofa, a MIT spinoff startup company creating connected smart city information solutions, including the Soofa Bench, Soofa Sign, and Soofa Pro. The company joins Momenta Partners’ Connected Industry Ventures portfolio. Soofa designs, develops, and operates …
mobikwik

Mobile wallet company MobiKwik, on Monday announced its association with web portal and mobile application Bhopal Plus, which is part of Bhopal smart city initiative. Bhopal Plus facilitates government-citizen engagement and collaboration, as a step towards the national smart cities mission. The tie-up will enable residents of Bhopal in paying …
mangaluru

The first ever Special Purpose Vehicle (SPV) meeting relating to Mangaluru Smart City Project implementation held at Bengaluru on Tuesday May 2 succeeded in ensuring that the central government released grant of Rs 107 crore for its implementation. Ritesh Kumar Singh, who heads the SPV, and who is the in-charge …