Cities get credit rating and investment grades.
The Metro network in India is set to double over the next two years from the 346-km with 353-kms of lines becoming operational, said M. Venkaiah Naidu, Minister of Urban Development and Housing and Urban Poverty Alleviation.
Briefing media on 13 June 2017 in New Delhi, he said a rule based framework has also been introduced to ensure objective selection of cities and allocation of central funds without any discretion and discrimination and the same has been followed in getting unauthorized occupants of government houses evicted.
322 Atal Mission for Rejuvenation and Urban Transformation (AMRUT) and smart cities have acquired Credit Ratings of which 147 have got investment grades while 163 cities in 18 States and Union Territories have initiated measures for mobilizing resources through Value Capture Financing tools.
500 AMRUT cities and 60 smart cities identified so far are pursuing five-year comprehensive action plans for infrastructure development, he disclosed at a press conference on the Changing Face of Urban India-Challenges’.
He said cities were now moving forward on the path of well thought out course of infrastructure development. fii-news.com
