Smart Cities
Smart City: Report Card on the Progress made
Under Smart City Mission, projects worth over Rs 2.05 lakh crore (~26 bn Euro) are proposed in 100 cities and a significant progress has been made in terms of implementation of these projects, the Economic Survey 2018-19 said.
The strategic components of this mission are area-based development involving city improvement (retrofitting), city renewal (redevelopment), city extension (greenfield development) and a Pan-city development in which smart solutions are applied covering larger parts of the city.
- The 100 cities under the mission have proposed to execute 5,151 projects worth 2,05,018 crore (~26 bn Euro) in five years from their respective dates of selection.
- Financial innovation is in-built in the design of the programme. The distribution of funding from the central and state government is Rs 93,552 crore (~12 bn Euro) (45%) and funds from PPP is Rs 41,022 crore (~5 bn Euro) (21%).