Pune Smart City snippets

Nearly 300 companies from 35 different countries are keen on joining hands with the Smart City projects of Pune. These firms will provide solutions with respect to traffic, garbage management, water supply , sanitation and drainage.
The companies along with consulates of various countries participated in a two-day exhibition-cum-seminar, on Smart Cities held in the city recently . The event was organised by Pune Municipal Corporation. “These companies have shown willingness to join hands with the civic administration. They will work on the projects commissioned under the Smart Cities Mission. Those not working on the Smart City projects will be part of other civic projects,“ civic chief Kunal Kumar said.
At the event, companies from Germany , Singapore, Belgium, UK and US had set up stalls, where innovative technologies to mitigate the civic issues were presented.There were discussions on how the practices and technologies in their countries can be implemented in Pune. The PMC has signed memorandums of understanding with some of these firms. Kumar said such programmes will be a regular feature for Smart City initiative in Pune. The Pune Smart City Development Corporation Limited, the special purpose vehicle (SPV) that will execute projects under the mission, was registered in March. The company has seven stakeholders.

Tax-free or government bonds may soon be made available for citizens wishing to fund Pune's major civic projects, including metro rail and 24X7 water supply scheme.
The US department of treasury will help Pune Municipal Corporation (PMC) to raise funds through these bonds. “A memorandum of understanding has been signed between the PMC and the US department of treasury. The officials from the US will help us in finding revenue sources for key projects,“ Kunal Kumar, PMC commissioner, said.
Usha Kalaskar, chief accountant of PMC, said the administration is looking at various options to fund its projects. “The technical support for financial planning will be given by the US department agency. The Union government too has joined hands with them for other projects,“ she said.
Kalaskar said options of loans and bonds are also being discussed. “The final option will be selected after consultation with the US treasury department. An agency will also conduct debt capacity analysis for PMC according to the revenue generation,“ she added.
According the PMC officials, the memorandum will speed up work on many key projects like metro rail and 24X7 water supply project.
As per the PMC estimates, water supply project is to be implemented over the next five years at a cost of Rs.2,800 crore.

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