Meghalaya Govt announces SPV for Shillong Smart City project

Meghalaya GovernmentMeghalaya Urban Affair Minister Hameltson Dohling has announced the formation of a Special Purpose Vehicle (SPV) under the Shillong Smart City project, which he said will be headed by a Chief Executive Officer and have experts and officers from various state departments to implement various infrastructure projects on the ground.

Dohling said that while the funding for various Smart City projects is divided in the ratio of 50:50 between the Central Government and the State, Meghalaya and other northeastern states want this ratio to be restructured on the basis of other centrally-sponsored schemes which follow the funding pattern of either 90:10 or 80:10.

Saying that the cost of projects may vary from one another, Dohling stressed that the final cost of the projects can only be worked out after a detailed study.

Last year, the budget for developing Shillong as a smart city was worked out to be Rs 1,279 Crore, out of which Rs 1,272 crores were designated for Area-Based Development and the rest for pan-city development.

The major projects under area-based development include sanitation, sewage, water-supply, public information and pan-city development include smart transport and smart-city development.

Shillong is the 100th city to be included in the list of Indian Smart Cities.

Eletsonline News
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