Smartcity Thiruvananthapuram Limited is the SPV for project
The special purpose vehicle for implementation of smart city project in Thiruvananthapuram city has been named Smartcity Thiruvananthapuram Limited. The corporation has received a communication regarding the name from ministry of corporate affairs. The articles of association and memorandum of association of special purpose vehicle are pending approval from the state government.
A0A and MoA are now being scrutinised by department of law, which will then have to be approved by the finance department. Once government approval is received, registration of SPV will be completed.
The steps to choose project management consultant will be initiated in the first meeting of SPV. The city corporation had included the agenda on articles of association in the council meeting held on Monday for the approval of council. However, both UDF and BJP forwarded note of dissent following which it could not be passed.
Meanwhile, the technical committee has enlisted priority projects to be implemented under PAN city project component of smart city scheme. The corporation expects to start implementation of around five projects under PAN city project in the next two months.