Centre to give Rs 480 bn support for Smart Cities over 5 years
SMART CITIES

Centre to give Rs 480 bn support for Smart Cities over 5 years

The Centre will provide Rs 480 billion in financial support for the development of smart cities in the country, Minister of State for Housing and Urban Affairs Kaushal Kishore said.

The Centre launched the Smart Cities Mission (SCM) on June 25, 2015. One hundred cities have been selected to be developed as Smart Cities through four rounds of competition from January 2016 to June 2018.

As per the Smart Cities Mission (SCM) guidelines, the central government will provide financial support to the extent of Rs 480 billion crore over five years, or an average of Rs 1 billion crore per city per year. An equal amount on a matching basis will be contributed by the state government/urban local body (ULB), Kishore told the Rajya Sabha.

As on July 8 this year, the Centre has released Rs 3,075.14 billion for 100 smart cities, of which Rs 2,761.03 billion (90 per cent) has been utilised, the minister said.

As on July 8, 2022, these Smart Cities have tendered 7,822 projects worth Rs 1,906.60 billion; work orders have been issued in 7,649 projects worth Rs 1,809.96 billion and 4,085 projects worth Rs 6,691.20 billion have been completed.

See also:
Officials urged to expedite the Smart City project in Jalandhar
GVMC corporators to go on a smart cities study tour


The Centre will provide Rs 480 billion in financial support for the development of smart cities in the country, Minister of State for Housing and Urban Affairs Kaushal Kishore said. The Centre launched the Smart Cities Mission (SCM) on June 25, 2015. One hundred cities have been selected to be developed as Smart Cities through four rounds of competition from January 2016 to June 2018. As per the Smart Cities Mission (SCM) guidelines, the central government will provide financial support to the extent of Rs 480 billion crore over five years, or an average of Rs 1 billion crore per city per year. An equal amount on a matching basis will be contributed by the state government/urban local body (ULB), Kishore told the Rajya Sabha. As on July 8 this year, the Centre has released Rs 3,075.14 billion for 100 smart cities, of which Rs 2,761.03 billion (90 per cent) has been utilised, the minister said. As on July 8, 2022, these Smart Cities have tendered 7,822 projects worth Rs 1,906.60 billion; work orders have been issued in 7,649 projects worth Rs 1,809.96 billion and 4,085 projects worth Rs 6,691.20 billion have been completed.See also: Officials urged to expedite the Smart City project in JalandharGVMC corporators to go on a smart cities study tour

Next Story
Equipment

Handling concrete better

Efficiently handling the transportation and placement of concrete is essential to help maintain the quality of construction, meet project timelines by minimising downtimes, and reduce costs – by 5 to 15 per cent, according to Sandeep Jain, Director, Arkade Developers. CW explores what the efficient handling of concrete entails.Select wellFirst, a word on choosing the right equipment, such as a mixer with a capacity aligned to the volume required onsite, from Vaibhav Kulkarni, Concrete Expert. “An overly large mixer will increase the idle time (and cost), while one that ..

Next Story
Real Estate

Elevated floors!

Raised access flooring, also called false flooring, is a less common interiors feature than false ceilings, but it has as many uses – if not more.A raised floor is a modular panel installed above the structural floor. The space beneath the raised flooring is typically used to accommodate utilities such as electrical cables, plumbing and HVAC systems. And so, raised flooring is usually associated with buildings with heavy cabling and precise air distribution needs, such as data centres.That said, CW interacted with designers and architects and discovered that false flooring can come in handy ..

Next Story
Infrastructure Urban

The Variation Challenge

A variation or change in scope clause is defined in construction contracts to take care of situations arising from change in the defined scope of work. Such changes may arise due to factors such as additions or deletions in the scope of work, modifications in the type, grade or specifications of materials, alterations in specifications or drawings, and acts or omissions of other contractors. Further, ineffective planning, inadequate investigations or surveys and requests from the employer or those within the project’s area of influence can contribute to changes in the scope of work. Ext..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?