Varanasi, the Lok Sabha constituency of Prime Minister Narendra Modi has made it to the list of 27 Smart Cities. Some of the cities that have done it successfully to the list are Gwalior, Ajmer, Vadodara, Nagpur, Agra, Amritsar and Thanjavur. All the “to be made smart cities” will require the investment of Rs 66,883 crore.
By 2022, total 100 cities will be enlisted in the smart city plan. Till now, 60 cities have been chosen, adding 20 in the month of January and 13 in May. A maximum of five cities from the Maharashtra state has gained a place in the list of new cities as indicated by Union urban development minister, M. Venkaiah Naidu on Tuesday. From Tamil Nadu and Karnataka, a total of eight cities has made it to the list. Further, three cities from Uttar Pradesh and six from Punjab, Madhya Pradesh and Rajasthan have found their places in this list.
As per the estimation of urban development ministry’s, an investment of Rs 1.44 lakh crore has been offered by 60 cities that are chosen so far under smart city plans. The officials have so far made it clear that in the first batch of 20 smart cities, 82 projects have already taken under implementation, and another 113 projects will soon get started.
For this smart city mission, the Central government will contribute Rs 500 crore to every city over five years with states that make the matching contribution. The remaining resources will be arranged from the public-private partnership (PPP), loans, the merging of several plans of Central and state governments besides private means of urban local bodies. Therefore, the ministry has tied up with the multi-lateral lending from companies DFID of JICA & UK, who have pledged $500 million each. In the same manner, the World Bank and ADB have committed $1 billion. Also, to grant investment for schemes up to $500 million per city, the New Development Bank (BRICS Bank) has passed a proposal in support of the same.