Centre to give Rs 480 bn support for Smart Cities over 5 years
SMART CITIES

Centre to give Rs 480 bn support for Smart Cities over 5 years

The Centre will provide Rs 480 billion in financial support for the development of smart cities in the country, Minister of State for Housing and Urban Affairs Kaushal Kishore said.

The Centre launched the Smart Cities Mission (SCM) on June 25, 2015. One hundred cities have been selected to be developed as Smart Cities through four rounds of competition from January 2016 to June 2018.

As per the Smart Cities Mission (SCM) guidelines, the central government will provide financial support to the extent of Rs 480 billion crore over five years, or an average of Rs 1 billion crore per city per year. An equal amount on a matching basis will be contributed by the state government/urban local body (ULB), Kishore told the Rajya Sabha.

As on July 8 this year, the Centre has released Rs 3,075.14 billion for 100 smart cities, of which Rs 2,761.03 billion (90 per cent) has been utilised, the minister said.

As on July 8, 2022, these Smart Cities have tendered 7,822 projects worth Rs 1,906.60 billion; work orders have been issued in 7,649 projects worth Rs 1,809.96 billion and 4,085 projects worth Rs 6,691.20 billion have been completed.

See also:
Officials urged to expedite the Smart City project in Jalandhar
GVMC corporators to go on a smart cities study tour


The Centre will provide Rs 480 billion in financial support for the development of smart cities in the country, Minister of State for Housing and Urban Affairs Kaushal Kishore said. The Centre launched the Smart Cities Mission (SCM) on June 25, 2015. One hundred cities have been selected to be developed as Smart Cities through four rounds of competition from January 2016 to June 2018. As per the Smart Cities Mission (SCM) guidelines, the central government will provide financial support to the extent of Rs 480 billion crore over five years, or an average of Rs 1 billion crore per city per year. An equal amount on a matching basis will be contributed by the state government/urban local body (ULB), Kishore told the Rajya Sabha. As on July 8 this year, the Centre has released Rs 3,075.14 billion for 100 smart cities, of which Rs 2,761.03 billion (90 per cent) has been utilised, the minister said. As on July 8, 2022, these Smart Cities have tendered 7,822 projects worth Rs 1,906.60 billion; work orders have been issued in 7,649 projects worth Rs 1,809.96 billion and 4,085 projects worth Rs 6,691.20 billion have been completed.See also: Officials urged to expedite the Smart City project in JalandharGVMC corporators to go on a smart cities study tour

Next Story
Infrastructure Urban

CONCOR Launches Double-stack Service Between NCR and Varnama

State-run Container Corporation of India (CONCOR) has launched double-stack container train services between the National Capital Region (NCR) and Varnama near Baroda. This initiative aims to facilitate customers at Nhava Sheva near Mumbai, home to Jawaharlal Nehru Port (J N Port). On December 21, the first double-stack container train from Khatuwas and Dadri in NCR reached CONCOR’s Gati Shakti Multimodal Cargo Terminal (GCT) at Varnama, situated along the Western Dedicated Freight Corridor (WDFC). The train carried export cargo destined for J N Port, according to a statement from the state..

Next Story
Infrastructure Transport

Less than 10% of Rs 40 Billion State-aid for Shipbuilding Utilised

A government-sanctioned financial assistance program worth Rs 40 billion, intended to support local shipbuilders over a decade starting in April 2016, has seen minimal utilisation, with only Rs 3.85 billion—less than 10 per cent of the total fund—disbursed thus far. With 15 months remaining before the scheme concludes, its uptake has been limited. The financial aid applies to shipbuilding contracts signed between April 1, 2016, and March 31, 2026. According to a written response provided by Union Minister of Ports, Shipping, and Waterways Sarbananda Sonowal to the Rajya Sabha on December ..

Next Story
Infrastructure Transport

Civil Aviation Minister Opens New ATC Tower at Indore Airport

The Minister for Civil Aviation, Ram Mohan Naidu Kinjarapu, inaugurated the new Air Traffic Control (ATC) Tower-cum-technical block at Devi Ahilyabai Holkar International Airport in Indore, Madhya Pradesh. During the inauguration, the minister toured the facility, where ATC experts explained various technical aspects of tracking and coordinating flights from the newly constructed tower. In addition to the ATC tower, the airport has also introduced a zero-waste plant. The union minister confirmed that this initiative aligns with the government’s commitment to sustainability. Minister Ki..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000