Smart city projects worth close to Rs 1 lakh crore (€12 billion) have come to a halt due to the lockdown, rendering tens of thousands of workers jobless and causing large-scale damage of building materials, which could significantly escalate project costs, according to official sources. Even before the lockdown, most projects under the Smart City Mission were running behind schedule, with the 2019-20 deadline for completing as many as 5,151 projects worth over Rs 2 lakh crore (€24 billion) having been widely missed. 2023-end now seems to be the earliest date for completing the mission.
According to sources from the Ministry of Urban Development, only 1,582 projects costing Rs. 26,550 crore (€3 billion), (just 13% of the total projects) have been completed so far. While projects worth Rs 41,000 crore (€5 billion) are in tendering or early stages, Rs 96,370 were under implementation, when the lockdown hit them.