Madhya Pradesh and Rajasthan have taken the
lead in setting up Special Purpose Vehicles (SPV) for the implementation of
smart city plans, the Ministry of Urban Development said in a statement on
Saturday.
SPVs have been set up for five cities —
Jabalpur, Indore and Bhopal in Madhya Pradesh and Jaipur and Udaipur in
Rajasthan. The remaining 15 cities will form SPVs in the next two weeks, the
statement added.
The Ministry of Urban Development will
release ₹200 crore for each
of the 20 selected cities only after SPVs are set up.
While Madhya Pradesh has set up a 12-member
SPV for each of the three cities, Rajasthan has set up an 11-member SPV for
Jaipur and a 13-member body for Udaipur. These vehicles will approve, sanction
and execute the projects besides mobilising resources from various sources to
ensure timely and efficient execution of plans.
The Ministry is also organising a workshop
on Monday wherein 23 cities participating in the ‘Fast Track Competition’ will
interact with the first batch of 20 smart city winners for peer learning about
making winning proposals.
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