Corporation banks on new smart city proposals
TRICHY: The city corporation expects to make it to the smart city list this time on the strength of a revised proposal it sent recently. The Union government is to announce the list of cities selected for funding under the smart city project based on the proposal.
Of the 100 cities shortlisted nationwide in 2015, funds were allocated to 60 cities based on their proposals. Trichy had missed the bus in the lists of cities released twice in the past two years by the Centre. However, there is reason for Trichy Corporation to remain optimistic this time as the Centre is believed to be planning to give funds to the remaining 40 cities that are in the race, according to official sources.
As per the norm, each city had to formulate proposal on its unique vision, mission and plan for a “smart city.” Its concepts should reflect the city’s local context, resources, and priorities of citizens. The cities adjudged with the best proposals received funding while the remaining cities had the chance to compete the next year.
The cities getting selected will receive Rs 500 crore which is to be spent in the next five years with Rs 100 crore each a year to provide it the necessary infrastructure boost. The major areas pertaining to smart cities include sanitation, waste management, quality of life and affordable housing.
The total cost of the revised smart city proposal is Rs 1081.22 crores. While the cost of Pan City proposals is about Rs 104 crore, a slew of area development projects has been planned at an outlay of Rs 977.22 crores. This is less than the proposal submitted by the corporation previously. The total cost estimated for the execution of project was Rs 1,766 crore. The retrofitting model was estimated at around Rs 1,149 crore. And another Rs 617 crore was estimated for improving urban mobility under the pan city development plan.
Saying that most features of the previous proposal had remained in the revised proposal, Special Officer and Trichy Corporation Commissioner N Ravichandran said it required minor changes as the pattern of the proposal had been changed this time.
The revised proposal is designed in such a way that the cash flows of the special purpose vehicle will not only be sufficient for capital outlays, but also to cover the operations and maintenance cost across a bouquet of projects, and also the interest and installment serviceable for debt, he said.