Home STATE CITY Odisha govt to form ‘Smart City Company’

Odisha govt to form ‘Smart City Company’

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Odisha Sun Times Bureau
Bhubaneswar, Feb 2:

Odisha government will form a ‘smart city company’ and appoint its CEO by the end of this month to ensure that the implementation of smart city projects get to a smooth start in Bhubaneswar. It also would form a Special Purpose Vehicle (SPV) to fund the projects.

Photo:Bhubaneswar - Smart City
Photo:Bhubaneswar – Smart City

The decisions were taken today at a meeting after Bhubaneswar earned itself the first place in the top 20 proposed smart cities named by the Union government.

As per information provided by the Bhubaneswar Municipal Corporation (BMC) Commissioner Krishan Kumar, executives from the Urban Development, Energy, IT and Works Department would be made directors of the company. Besides, experts from in and out of the state would be hired as independent directors.

The CEO and the Financial Officer would also be employed and work on the projects would begin from July.

Development of infrastructure, uninterrupted power supply, sanitation and waste management would be given priority in the first phase. Upliftment of slum dwellers, parking facilities and communication systems would also be enhanced.

The projects would be undertaken in Public-Private Partnership (PPP) mode.  Master Canteen area, in the centre of the city, would be developed as the model district.

“We had the first meeting on smart city today and we mainly discussed on the form and structure of the smart city company. We will start from the Bhubaneswar town – centre district and then work on the main city component (MCC) of the entire city. We are consulting with the project management consultants on this,” said Kumar speaking to reporters after the meeting.

Overall, Rs 4500 crore would be spent for the smart city programme in next five years. While the Union government would fund Rs 500 crore, the state government would fund Rs 500 crore on the project. Rest Rs 3500 crore would be taken as a loan from the World Bank.