New Raipur Development Authority (NRDA) is planning to come with a Bond issue . There are also plans to hire an agency which can assign a Credit Rating for Naya Raipur to float the bond issue.
NRDA has evolved a system which engages citizens in every part of the project.
The Chhattisgarh Government is going to form a ‘Special Purpose Vehicle’ (SPV) for development of Naya Raipur under Central Government’s Smart City Mission.
The city’s Village Development Plan will take care of social equity.
The Naya Raipur Smart City System will comprise Smart Governance, City Surveillance, Intelligent Transport management System, Electricity and Water supply and City Command and Control Centre among others.