In 2021, over 6k Smart City projects worth Rs 1,84,998 cr tendered
SMART CITIES

In 2021, over 6k Smart City projects worth Rs 1,84,998 cr tendered

The Indian government launched the Smart Cities Mission (SCM) in June 2015. Around 100 smart cities were selected between January 2016 and June 2018 through four rounds of competition.

The implementation of the projects under SCM has witnessed considerable progress. As of 12 November, 6,452 projects of Rs 1,84,998 crore have been tendered, from which 5,809 projects of Rs 1,56,571 crore are under implementation or completed.

The speed of project implementation has increased by 270% in projects tendered and 407% growth in completed projects over the last 39 months.

SCM extended the period of implementation to up to June 2023, and all the smart cities are expected to complete the projects within the deadline.

As of 12 November, the government released Rs 27,359.60 crore under the SCM, from which Rs 22,467.81 crore has been utilised by the smart cities.

Image Source

Also read: Govt extends timeline for execution of Smart Cities Mission to 2023

Also read: PM Modi inaugurates Varanasi smart city projects worth Rs 50.92 cr

The Indian government launched the Smart Cities Mission (SCM) in June 2015. Around 100 smart cities were selected between January 2016 and June 2018 through four rounds of competition. The implementation of the projects under SCM has witnessed considerable progress. As of 12 November, 6,452 projects of Rs 1,84,998 crore have been tendered, from which 5,809 projects of Rs 1,56,571 crore are under implementation or completed. The speed of project implementation has increased by 270% in projects tendered and 407% growth in completed projects over the last 39 months. SCM extended the period of implementation to up to June 2023, and all the smart cities are expected to complete the projects within the deadline. As of 12 November, the government released Rs 27,359.60 crore under the SCM, from which Rs 22,467.81 crore has been utilised by the smart cities. Image Source Also read: Govt extends timeline for execution of Smart Cities Mission to 2023 Also read: PM Modi inaugurates Varanasi smart city projects worth Rs 50.92 cr

Next Story
Real Estate

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

Next Story
Infrastructure Urban

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Next Story
Infrastructure Transport

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement