BHOPAL: Giving smart city development a strong push, MP finance minister Jayant Malaiya allocated Rs 700 crore for the ambitious project on Wednesday. Unlike last fiscal, no provision was made for metro rail project. "It awaits clearance from the Union government, " Malaiya said.
Under the smart cities project, seven urban centres in the state stand to gain from inclusion in smart city development. Area based development at 354 acre site at North TT Nagar in Bhopal is expected to take shape soon.
Urban administration officials say in last fiscal, the state government gave Rs 250 crore for smart city development in Indore, Bhopal and Jabalpur.
Smart cities development is pegged at about Rs 3,000 crore in Indore and Bhopal. 80% of funds will be raised by respective smart city development corporation. Smart city - special purpose vehicles are backed by an equal contribution of Rs 500 crore from the Union and state government. Spread over five years, each of the smart cities will thus receive funding to tune of Rs 1,000 crore over a period of five years in order to develop pan-city programme and one area development programme.
A significant amount has been utilised as state government's contribution in smart city development in Indore, Bhopal and Jabalpur. Under the first phase of smart city development Bhopal, Indore and Jabalpur were included in smart cities mission. Gwalior and Ujjain were included in second phase. Sagar and Satna will be included in third phase.
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