Lion Service Ltd to manage Coimbatore's smart projects
SMART CITIES

Lion Service Ltd to manage Coimbatore's smart projects

The Coimbatore City Municipal Corporation (CCMC) has selected a Delhi-based private company to manage the operation and maintenance of seven lakefront projects developed under the Smart Cities Mission for around ten years.

These lakefronts, situated at Ukkadam Periyakulam, Valankulam, Kurichi Lake, Selva Chinthamani, Muthannankulam, Selvampathy Kumarasamy, and Krishnampathy, underwent significant rejuvenation efforts by the CCMC, involving substantial investments for their enhancement. Each lakefront was adorned with a 2.5 to 5-metre-wide footpath along its shores.

Despite these considerable investments, the CCMC encountered difficulties in effectively maintaining these public spaces due to financial limitations and a workforce shortage, leading to various complaints and concerns about their upkeep.

To address these challenges and ensure the cleanliness and hygiene of these lakes, the CCMC has awarded the Operation and Maintenance contract to Lion Service Ltd, a firm based in New Delhi, for ten years. Beginning their contractual duties from Thursday, Lion Service Ltd is tasked with park maintenance, solid waste management, civil works, electrical, gardening, mechanical maintenance, and security services. Reports indicate that Lion Service Limited has previously handled similar projects for numerous municipal corporations nationwide, employing advanced technology for efficient operations.

A senior official involved in the smart city initiative emphasised, "The company is known for its use of cutting-edge technology in Operation and Maintenance projects across the country. In addition to their operational responsibilities, the private company will also work on improving the public spaces under their care. Initially, the CCMC will provide financial assistance. However, after a few years, the project will transition to a self-sustaining revenue model. Under this model, the contractor will generate revenue through the facilities at these public spaces, which will then be used for Operation and Maintenance activities."

The Coimbatore City Municipal Corporation (CCMC) has selected a Delhi-based private company to manage the operation and maintenance of seven lakefront projects developed under the Smart Cities Mission for around ten years. These lakefronts, situated at Ukkadam Periyakulam, Valankulam, Kurichi Lake, Selva Chinthamani, Muthannankulam, Selvampathy Kumarasamy, and Krishnampathy, underwent significant rejuvenation efforts by the CCMC, involving substantial investments for their enhancement. Each lakefront was adorned with a 2.5 to 5-metre-wide footpath along its shores. Despite these considerable investments, the CCMC encountered difficulties in effectively maintaining these public spaces due to financial limitations and a workforce shortage, leading to various complaints and concerns about their upkeep. To address these challenges and ensure the cleanliness and hygiene of these lakes, the CCMC has awarded the Operation and Maintenance contract to Lion Service Ltd, a firm based in New Delhi, for ten years. Beginning their contractual duties from Thursday, Lion Service Ltd is tasked with park maintenance, solid waste management, civil works, electrical, gardening, mechanical maintenance, and security services. Reports indicate that Lion Service Limited has previously handled similar projects for numerous municipal corporations nationwide, employing advanced technology for efficient operations. A senior official involved in the smart city initiative emphasised, The company is known for its use of cutting-edge technology in Operation and Maintenance projects across the country. In addition to their operational responsibilities, the private company will also work on improving the public spaces under their care. Initially, the CCMC will provide financial assistance. However, after a few years, the project will transition to a self-sustaining revenue model. Under this model, the contractor will generate revenue through the facilities at these public spaces, which will then be used for Operation and Maintenance activities.

Next Story
Real Estate

Emaar to invest Rs 1,000 crore in Gurugram housing project

Emaar India, a prominent real estate developer, has announced a major new project in Gurugram, one of the most sought-after residential locations in the National Capital Region (NCR). The company is investing approximately Rs 1,000 crore in the development of a luxury housing project named ‘Amaris.’ The project, situated on Golf Course Extension Road in Gurugram’s Sector 62, will span over 6.2 acres and is expected to feature 522 high-end apartments, with a total development potential of 15 lakh square feet. This project, launched in response to the growing demand for premium residentia..

Next Story
Infrastructure Urban

Punjab-Haryana HC slams ED over IREO money laundering investigation

The Punjab and Haryana High Court criticised the Enforcement Directorate (ED) for conducting a ‘slipshod and unprofessional’ investigation into money laundering cases involving IREO and its functionaries. The court directed the ED's director to address the lapses in the probe. The court noted that the accused company's real estate assets were allowed to be disposed of without proper oversight. Justice Kuldeep Tiwari issued these directives after being informed of a November 6 order by a coordinate bench, in which Gulshan Babbar sought the cancellation of bail granted to IREO MD Lalit Goya..

Next Story
Infrastructure Urban

Capitaland to buy 40% stake in SC Capital Partners for $209.31 mn

Singapore's CapitaLand Investment announced that it plans to acquire a 40 per cent stake in SC Capital Partners Group (SCCP) for $280 million. Additionally, the company intends to invest at least $524 million in SCCP. The acquisition of the 40 per cent stake in SCCP, a Singapore-based real estate investment manager, is expected to increase CapitaLand's funds under management (FUM) by $11 billion. The company explained that this move would strengthen its presence in Japan, its key market, where 76 per cent of the additional $11 billion FUM is located. In its statement, CapitaLand emphasised t..

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