Our mission aims at efficiently utilising the available assets, resources and infrastructure to enhance the quality of urban life, says M Hari Naryanan, Municipal Commissioner, Greater Visakhapatnam Municipal Corporation (GVMC).
Plans are being chalked out to modify one of the biggest and most-visited markets in Bhubaneswar – the Unit-IV market – with state-of-the-art infrastructure. According to reports, officials of the Bhubaneswar Municipal Corporation and Bhubaneswar Smart City (BSCL), the special purpose vehicle executing the smart city projects in the city, are in the process of drafting the plans.
The housing and urban affairs ministry is set to rope in planning and development experts from France to bring the delayed Smart City projects on schedule. Reports indicate that the French President Emmanuel Macron has an Indian trip scheduled for this December, where discussions for smart city and other projects will take place.
Despite the variations in investment quantum across cities, there are some common threads which run through most of the Smart City plans. The most important one is around financing. Even after considering Government of India and counterpart funding from the state governments as well as the municipality, for most cities there exists a financing gap of at least 20 per cent of the total investment plan, which would need to be met through private participation.