Centre Sends Guidelines For Smart City Spv


Bhubaneswar: Jan 30; Bhubaneswar Municipal Corporation (BMC) Commissioner Krishan Kumaron Friday said the Centre has sent guidelines for the formation of special purpose vehicle (SPV), which is mandatory for implementation of projects under the Smart City Mission.

Kumar, who attended a discussion with the Union Cabinet Secretary PK Sinha via video conferencing here, said the State Government would apprise the Centre and seek its opinion about the SPV after analysing the terms and guidelines.

"The Centre has sent a set of guidelines for implementation of development projects under the Smart City Mission. We will study its modalities such as technical competence and model concessional agreements etc. Besides, we need to seek suggestions regarding appointment of consultants for the projects. We will soon begin work on this," Kumar said.

"They also spoke to us about the challenges we are going to face in the next 5-10 months during the implementation of projects," he added.

The SPV would plan, appraise, approve, release funds, implement, manage, operate, monitor and evaluate the Smart City development projects.      

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