CHENNAI:
As
per figures available with Express (Till June 2017), a total of Rs
35,000 crore worth projects have been taken up by the cities selected
under the two rounds of Smart Cities Mission.
The
six smart cities of Tamil Nadu, selected during the first two rounds,
are among the 60 smart cities which are in the race to avail $500
million worth performance based incentives offered by World Bank.
Chennai,
Coimbatore, Madurai, Salem, Thanjavur and Vellore are among the six
cities which will be vying for the performance based incentives that is
being offered by World Bank. The grants are open to only first 60
special purpose vehicles selected under the Smart Cities Mission
It
is learnt that World Bank has partnered with Union Urban Ministry to
design the performance based programme with an outlay of $500 million of
which $480m will be available as performance based incentive grants.
The
rest will be available for specific demand-driven capacity building and
project management support at state and special purpose vehicle level.
Sources
indicated that a screening framework has been prepared which lists out
mandatory conditions, screening of states and union territories and the
criteria of shortlisting special purpose vehicles. The six smart cities
will have to submit proposals from November 30 and the last date of
submitting the applications is December 11, 2017.
It
is learnt that three or four states or Union territories will be
selected and upto 12 special purpose vehicles (SPV) will be shortlisted
for participation in the Indian Smart Cities Programme.
What chennai will going to do...recently heared they going to introduce cycles...is this for this purpose
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