Home»Finance»No cash woes for Smart City project

No cash woes for Smart City project

0
Shares
Linkedin Pinterest Google+

In a relief to the cash-strapped Nagpur Municipal Corporation, its ambitious Smart City project is likely to face no financial hurdles. Smart City’s special purpose vehicle — Nagpur Smart and Sustainable City Development Corporation Limited — has received funds of Rs 189 crore in initial stage itself. Chief executive officer of SPV and additional municipal commissioner Ramnath Sonawane told TOI that funds will help in smooth planning and execution of the project. “Central government will give Rs 500 crore and Rs 250 crore to come from the state. Centre will give Rs 100 crore every year for five years while Rs 50 crore per annum by the state. We received Rs 94 crore from the centre in March end. Rs 95 crore have come from the state as on now,” he said.

The estimated cost of the project is Rs 3,577.77 crore. The Nagpur Improvement Trust will bear NMC’s share of Rs 250 crore. The remaining cost will have to be raised through land pooling, PPP projects, regularization and other charges. Sonawane said land use survey of selected areas, Pardi, Bharatwada and Punapur of East Nagpur, for Smart City was supposed to complete on Tuesday but has been postponed to April 30. “NMC’s private agency, Ahmedabad-based Hasmukh C Patel Design, Planning and Management Private Ltd, started a survey with the help of a drone. There were some problems related to the weather so it has been delayed. Survey is first step towards preparing town planning scheme for conversion of selected areas into Smart City,” he said.

Sonawane said the land use survey will be followed by baseline socio-economic survey. “3D images of Pardi, Bharatwada and Punapur will be prepared through the survey. Mapping of all structures, vacant land, electricity network, roads, drains etc will be done.Then, attributes of properties will be collected through baseline socio-economic survey in which the owner of the property, members residing in a property, family background, income etc will be covered. Then, town planning scheme will be prepared followed by regularization of properties, land acquisition etc,” he said.

Sonawane added that process to appoint project management unit/consultant was in final stage. “Works can be expedited once surveys are completed and PMU appointed,” he said. SPV’s third board of directors meeting is likely to be held on May 15 for finalizing further roadmap of the project. Under the project, 951 acres land in Pardi, Bharatwada and Punapur will be developed as smart city covering stretch of Nag river. Already, works of Rs 520 crore Smart City Solutions project including smart strip, smart parking, CCTVs etc has been started.

Source:TOI
Previous post

Miami and five other cities receive Knight smart city technology grants

Next post

Smart Cities in Latin America: Smart Grids and Big Data Create Opportunities for Telcos to Capitalize from Smart City Projects

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *