Smart Cities: Shimla forms Special Purpose Vehicle for Smart City projects

Shimla has formed a Special Purpose Vehicle titled Shimla Smart City Limited which will implement Smart City projects in the capital city of Himachal Pradesh.

The Divisional Commissioner of Shimla is its Chairman. The SPV will have an advisory forum comprising of all stakeholders so that all stages of planning and implementation can be monitored.

The cost of Smart City proposal of Shimla is nearly Rs 2,906 crore out of which, Rs 1,252 crore will be used for re-development of lower bazar, sabzi mandi, Ganj and Krishnanagar, Rs 1,280 crore for retro-fitting of circular road and three transit corridors of the city, Rs 197 crore for plan-city application of traffic management and citizen security.

SPV will also focus on solid and waste water management, building safety, disaster mitigation and open and recreational places.

SPV will review budget implementation of projects, monitor quality control related matters, incorporate joint ventures and subsidiaries.

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