MANGALURU: Mangaluru City South MLA J R Lobo said a special purpose vehicle (SPV) with 17 directors will be formed for the implementation Smart City project.
Lobo told reporters that Mangaluru city is awaiting funds to the tune of Rs 1,500 crore under various heads from both state and central governments. While Rs 1,000 crore will be released for the implementation of Smart City project, the city will also receive Rs 400 crore under the ADB tranche II and Rs 150 crore under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme.
The SPV will have officials from central and state governments as its directors with a secretary level officer of the state government as its head, Lobo said, adding the city will witness a host of development works in the days to come through various schemes.
In the first phase, the state and central governments will release Rs 200 crore each. In the second and third phases, city will receive Rs 150 crore each from both the governments. Plans have been prepared to develop fishing port and Old Port in the city in the first phase. Similarly, plans will be prepared for development of tourism, information technology sector and the city railway station on par with international standards. The entire administration of Mangaluru City Corporation will be made digital.
Converting Mangaluru into a sports city is also one of the main components of the Smart City proposal prepared by the city administration, Lobo said. Development of city areas, providing safe and clean drinking water, improving underground drainage system and several other major infrastructure development works will be taken up in three years, he added.
Credits ET Realty