Municipal bond funds projects
The Prime Minister, Narendra Modi, said Rs.7,000 crore projects have been completed and Rs.52,000 crore projects are under implementation under the Smart City Mission.
Integrated Command Centres, as part of the mission, have started functioning in 11 cities, and work is underway in many more cities.
He reconfirmed the Government’s wish to provide housing for All by 2022.
He said India is growing rapidly today, and the cities which are its growth engines, cannot continue to develop haphazardly.
Modi said the Smart City Mission will help prepare the cities to take up the challenges of New India and prepare world class intelligent urban centres in India, for the 21st century.
He said the cities of Pune, Hyderabad and Indore have raised significant sums of money through Municipal Bonds, and other cities such as Lucknow and Ghaziabad would soon follow suit. fiinews.com
