Bengaluru: The ministry of housing and urban affairs, the nodal department for Smart City Mission, is set to roll out smart city 2.0 mission in 2020. The central government’s second version of the smart city initiative will be rolled out across the country, said a government official. The ministry of housing and urban affairs is also looking at alternative funding mechanisms such as pool finance, fund of fund approach, bonds, fiscal money, monetisation of unused land and tapping foreign capital. “We will also infuse lots of private participation to infuse capital in the planned and upcoming cities. Also, cities that will improve the fiscal strength will get major portion of the central government grant,” said Kunal Kumar, joint secretary & mission director of Smart Cities Mission. The government is also looking at increasing public private participation in the smart cities through incentives mechanism,” said Kumar. After having rolled out the Smart Cities Mission to 100 cities in a phased manner, the Union government will expand the Smart Cities Mission to all 4,000 cities in the country. The Mission is expected to expand housing for all, build better infrastructure, and develop open spaces among other things. “We will take up learnings… Read full this story
- White House dusting off Mueller playbook as pressure mounts
- White House dusts off Mueller playbook as pressure mounts
- Why the Labor Strike Is Back
- How will SNF Agora reach Baltimore community?
Smart City Mission 2.0 likely in 2020 have 229 words, post on economictimes.indiatimes.com at September 27, 2019. This is cached page on Movie Breaking News. If you want remove this page, please contact us.