HP govt forms SPV for Shimla Smart City project

HP govt forms SPV for Shimla Smart City project
Aug 2017 , by , in Latest News

The Himachal Pradesh state government has formed a special purpose vehicle (SPV) named as Shimla Smart City Limited in order to implement the Smart City project in Shimla. Its chairman will be the divisional commissioner Shimla. The state cabinet in its meeting held on August 5 had given its approval for setting up of SPV. Shimla Smart City will have a robust advisory mechanism in shape of city advisory forum comprising of all stakeholders for rendering support to SPV at all stages of planning and implementation.

Members of the board of directors of SPV includes mayor, director (urban development), deputy commissioner, municipal commissioner, two independent directors, chief engineers of PWD and IPH, undersecretary (IFD) union ministry of urban development, one part time director from finance department, one part time director from urban development department and managing director-cum-chief executive officer.

The city advisory forum to SPV will also include member of parliament, concerned MLA presidents of beopar mandals, travel agencies, street vendors associations, resident welfare associations, taxi unions besides officers of different departments, boards and corporations.

The cost of Smart City proposal of Shimla is nearly Rs 2,906 crore. Out of total proposal, Rs 1,252 crore was for re-development of lower bazar, sabzi mandi, Ganj and Krishnanagar, Rs 1,280 crore for retro-fitting of circular road and three transit corridors of the city, Rs 197 crore for plan-city application of traffic management and citizen security. Apart from this, solid and waste water management, building safety, disaster mitigation and open and recreational places would also get attention.

About Realty Plus