SMART CITY MISSION

            Under the SCM, 90 Smart Cities have been selected in 3 Rounds based on All India Competition. Process is on for the selection of balance 10 cities.Out of the 90 Smart Citiesselected so far 77 have incorporated Special Purpose Vehicle (SPV).

Under SCM 2,864 projects worth Rs.1,35,958 crore are in various stages of implementation. 148 projects worth Rs.1,872 crore have been completed; work is underway for 407 projects with a cost of Rs.15,600 crore. Further, tendering has started for 237 projects with a cost of Rs.13,514 crore and DPRs are being prepared for 2,025 projects worth Rs.1,02,260 crore. The progress with respect to implementation of projects pertaining to Smart Solutions, Smart Roads, Smart Water, Solar Rooftops, and Visible & Impactful is given below:

  • For Smart Solutions, 13 projects worth Rs. 241 crore have been completed; 43 projects worth Rs. 2,834 crore are under progress; further tenders have been issued for 25 projects worth Rs. 2,756 crore.
  • For Smart Roads, 9 projects worth Rs. 226 crore have been completed; 41 projects worth Rs. 2,070 crore are under progress; further tenders have been issued for 36 projects worth Rs. 3,662 crore.
  • For Smart Water, 8 projects worth Rs. 710 crore have been completed; 17 projects worth Rs. 486 crore are under progress; further tenders have been issued for 20 projects worth Rs. 1,430 crore.
  • For Solar, 7 projects worth Rs. 37 crore have been completed; 22 projects worth Rs. 782 crore are under; further tenders have been issued for 12 projects worth Rs. 117 crore.
  • For Visible and impactful projects, 16 projects worth Rs. 187 crore have been completed; 35 projects worth Rs. 1,569 crore are under progress; further tenders have been issued for 17 projects worth Rs. 1,200 crore.

Value Capture Finance (VCF) Policy Framework was released by the Ministry on 28th February 2017. It is an important tool for generating much needed additional finances required by the States / Cities for funding the infrastructural investments. So far 17 States have already engaged professional firms for preparing the VCF framework. This is expected to help the States generate additional revenue.