Rs.7,940 cr to be raised for Indore project
SMART CITIES

Rs.7,940 cr to be raised for Indore project

Even as the estimated cost of transforming Indore into a smart city´ is Rs 5,108 crore, the city municipal corporation has drafted a plan to raise Rs 7,940 crore for the purpose, so that paucity of funds does not create hurdles in the execution of the project. The Commissioner of Indore Municipal Corporation has reportedly said that Centre and the state government will provide Rs 500 crore each to the city for this project. Besides this, the smart city project will get Rs 600 crore under AMRUT, Swachh Bharat Abhiyan, and Prime Minister Housing schemes.

Even as the estimated cost of transforming Indore into a smart city´ is Rs 5,108 crore, the city municipal corporation has drafted a plan to raise Rs 7,940 crore for the purpose, so that paucity of funds does not create hurdles in the execution of the project. The Commissioner of Indore Municipal Corporation has reportedly said that Centre and the state government will provide Rs 500 crore each to the city for this project. Besides this, the smart city project will get Rs 600 crore under AMRUT, Swachh Bharat Abhiyan, and Prime Minister Housing schemes.

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