95% of Odisha Smart City Funds Used: Ministry of Housing
SMART CITIES

95% of Odisha Smart City Funds Used: Ministry of Housing

According to the Ministry of Housing and Urban Affairs (MoHUA), approximately 95 per cent of the funds allocated for projects under the Smart City Mission (SCM) have been utilized in Odisha.

Data provided by the Ministry in the Lok Sabha indicated that the total cost of 107 projects sanctioned for Bhubaneswar and Rourkela was around Rs 35.89 billion. Of these, 104 projects had been completed at an investment of Rs 34.26 billion.

Out of the 32 SCM projects proposed for Bhubaneswar, with an investment of Rs 20.71 billion, Bhubaneswar Smart City (BSCL), a special purpose vehicle formed to implement the Mission in the city, was reported to have completed 31 projects at a cost of Rs 20.56 billion.

Similarly, from the 75 projects proposed for Rourkela, with a budget of Rs 15.17 billion, Rourkela Smart City (RSCL) had completed 73 projects at an investment of Rs 13.70 billion.

One project worth Rs 150 million remained incomplete in Bhubaneswar, and three projects worth Rs 1.47 billion were pending in Rourkela. Housing and Urban Development (H&UD) officials noted that, considering the continuation of projects, the deadline for SCM has been extended for smart cities until March 2025.

Bhubaneswar and Rourkela were the two smart cities from the state selected by the Centre for the Mission. Bhubaneswar was chosen in the first phase in January 2016, while Rourkela was selected in the third phase in September of the same year.

According to the Ministry of Housing and Urban Affairs (MoHUA), approximately 95 per cent of the funds allocated for projects under the Smart City Mission (SCM) have been utilized in Odisha. Data provided by the Ministry in the Lok Sabha indicated that the total cost of 107 projects sanctioned for Bhubaneswar and Rourkela was around Rs 35.89 billion. Of these, 104 projects had been completed at an investment of Rs 34.26 billion. Out of the 32 SCM projects proposed for Bhubaneswar, with an investment of Rs 20.71 billion, Bhubaneswar Smart City (BSCL), a special purpose vehicle formed to implement the Mission in the city, was reported to have completed 31 projects at a cost of Rs 20.56 billion. Similarly, from the 75 projects proposed for Rourkela, with a budget of Rs 15.17 billion, Rourkela Smart City (RSCL) had completed 73 projects at an investment of Rs 13.70 billion. One project worth Rs 150 million remained incomplete in Bhubaneswar, and three projects worth Rs 1.47 billion were pending in Rourkela. Housing and Urban Development (H&UD) officials noted that, considering the continuation of projects, the deadline for SCM has been extended for smart cities until March 2025. Bhubaneswar and Rourkela were the two smart cities from the state selected by the Centre for the Mission. Bhubaneswar was chosen in the first phase in January 2016, while Rourkela was selected in the third phase in September of the same year.

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?