Venkaiah Naidu has inaugurated National Highway projects in Andhra Pradesh worth Rs 1,930 crore. According to a statement released by the Ministry of Shipping, Road Transport Minister Nitin Gadkari and Andhra Chief Minister N Chandrababu Naidu will also be present at the event.
The Chennai Metro Rail Project (Phase-I) underground section from Thirumangalam to Nehru Park was recently inaugurated, heralding a new era of sustainable transport in Chennai. The flag off ceremony was attended by many dignitaries such as Edappadi K Palaniswami, Chief Minister of Tamil Nadu and Venkaiah Naidu, Union Minister for Urban Development.
Taking forward its commitment to the cause of improving the lives of construction workers, PNB Housing Finance has signed an MoU with CREDAI (The Confederation of Real Estate Developers Association of India) to train 8,000 construction workers pan India.
Under the urban component of the Pradhan Mantri Awas Yojana (PMAY), the government has thus far approved the construction of over 16 lakh affordable houses with an investment of about Rs 90,000 crore, for which central assistance of about Rs 25,000 crore has also been approved.
When the 60 winning cities (with proposals worth over Rs 1.31 lakh crore) become smart, it is expected to positively impact the lives of 72 crore urban population. While Rs 1.05 lakh crore will be spent on area-based development plans, Rs 26,141 crore will be spent on pan-city solutions in the next five years.
To push implementation of various schemes in the urban sector, the Ministry of Urban Development (MoUD) has proposed a six-fold increase in its ‘reform incentive fund’ to over Rs 3,000 crore annually, over the next three years.
The Ministry of Urban Development (MoUD) has evolved a new reform matrix to enable state and city governments go beyond the present incrementalism of taking small steps towards implementing transformational reforms over the next three years, for a turn around in urban governance, planning and finance.
The Minister of Housing and Urban Poverty Alleviation, Venkaiah Naidu, recently directed the Secretary of his Ministry to immediately convene a roundtable with all developers, banks and housing finance companies to deliberate in detail as to why no private sector participation has been enlisted under Pradhan Mantri Aavas Yojana (PMAY) and found out reasons for their reluctance in the scheme.