Mumbai and Navi Mumbai will self-finance their Smart City projects.The Mumbai Metropolitan Region Development Authority (MMRDA), along with the City Industrial Development Corporation (Cidco), will cough up Rs.300 crore each to fund the first year of the Smart City projects in six other metros in the state, sources said. The Centre has earmarked Rs.48,000 crore for the development of 100 smart cities. Under the scheme, each metro will get Rs.100 crore annually for five years to put in place infrastructure to make it a smart city. The state government and local civic body have to contribute Rs.50 crore each, every year, to the scheme.
In the first list of 10 smart city projects announced last month, Pune and Solapur made the cut. They were among eight metros shortlisted by the state government. The other metros are Mumbai, Navi Mumbai, Thane, KalyanDombivli, Nashik, Amravati, Nagpur and Aurangabad.
While Pune and Solapur will get Rs.100 crore each for the first year from the Centre, Mumbai and Navi Mumbai are viewed as financially capable of taking care of their expenditure. The Shiv Sena, which controls the Brihanmum bai Municipal Corporation along with the BJP, had opposed the Smart City project, fearing that the civic body would lose its autonomy.
The NCP, in power in Navi Mumbai and Pune, had passed a resolution last December opposing the project. The MNS had opposed it for Nashik.
Chief minister Devendra Fadnavis is, however, keen to kick start all the 10 projects in the state and will not wait for central funding.
In the first list of 10 smart city projects announced last month, Pune and Solapur made the cut. They were among eight metros shortlisted by the state government. The other metros are Mumbai, Navi Mumbai, Thane, KalyanDombivli, Nashik, Amravati, Nagpur and Aurangabad.
While Pune and Solapur will get Rs.100 crore each for the first year from the Centre, Mumbai and Navi Mumbai are viewed as financially capable of taking care of their expenditure. The Shiv Sena, which controls the Brihanmum bai Municipal Corporation along with the BJP, had opposed the Smart City project, fearing that the civic body would lose its autonomy.
The NCP, in power in Navi Mumbai and Pune, had passed a resolution last December opposing the project. The MNS had opposed it for Nashik.
Chief minister Devendra Fadnavis is, however, keen to kick start all the 10 projects in the state and will not wait for central funding.
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