MP, Rajasthan set up SPVs for Smart Cities

MP, Rajasthan set up SPVs for Smart Cities

PTIUpdated: Friday, May 31, 2019, 05:56 PM IST
article-image

New Delhi: Madhya Pradesh and Rajasthan have set up Special Purpose Vehicles (SPVs) for the development of Smart Cities.

“The Ministry of Urban Development has been informed that SPVs have been set up for Jabalpur, Indore and Bhopal in Madhya Pradesh and Jaipur and Udaipur in Rajasthan,” an official release said.

These cities are among the first 20 to bag Smart City challenge competition announced on January 28 this year. The Ministry has also been informed that SPVs for the remaining 15 cities will be formed in the next two weeks, the release said.

The Ministry will release Rs 200 crore for each of the 20 selected cities only after the SPVs are set up.

SPVs are required to be set up under Smart City Mission Guidelines to ensure timely and efficient execution of plans. Besides mobilising resources from various sources, SPVs will approve, sanction and execute the projects.

Madhya Pradesh has set up a 12-member SPV for each of the three cities, while Rajasthan has set up a 11-member SPV for Jaipur and a 13-member body for Udaipur.

RECENT STORIES

Gujarat Shocker: Young Man's Corpse Mistakenly Handed Over As Spare Parts At Sardar Vallabhbhai...

Gujarat Shocker: Young Man's Corpse Mistakenly Handed Over As Spare Parts At Sardar Vallabhbhai...

'Hero No. 1' Govinda Joins Shiv Sena In Presence Of Eknath Shinde, Likely To Contest From Mumbai...

'Hero No. 1' Govinda Joins Shiv Sena In Presence Of Eknath Shinde, Likely To Contest From Mumbai...

'Good Luck To Mann Saheb': Being In ED Custody, Arvind Kejriwal Congratulates Punjab CM On Birth Of...

'Good Luck To Mann Saheb': Being In ED Custody, Arvind Kejriwal Congratulates Punjab CM On Birth Of...

VIDEO: Noida Girls, Partner Arrested For Making Obscene Holi Videos On Moving Scooter & Inside Delhi...

VIDEO: Noida Girls, Partner Arrested For Making Obscene Holi Videos On Moving Scooter & Inside Delhi...

Bengaluru: News Agency ANI Reporter Slaps & Hurls Abuses At PTI Journalist During DK Shivakumar...

Bengaluru: News Agency ANI Reporter Slaps & Hurls Abuses At PTI Journalist During DK Shivakumar...