Smart Cities Mission is the most ambitious project of the Central government in which, the government has targeted to develop 100 smart cities across the country. about 20 cities have been selected in the first batch of the Smart Cities Mission to set up Special Purpose Vehicles (SPVs) with municipal corporations. Full-time CEOs, CIOs and CFOs have been appointed for this.
Smart cities of Bubaneswar wo hs top the first smart cities challenge first pase is said to ave appointed its nwe chairman. It is also said that Special Purpose Vehicle take off holding the first meeting of the Board of Directors last week at which several operational decisions were taken.
Senior IAS officer and Additional Chief Secretary to Odisha government R Balakrishnan has been appointed as Chairman of Bhubaneswar Smart City Limited (BSCL), the special purpose vehicle (SPV) set up to execute projects for making the state capital a smart city.
“At the first Board meeting held on March 29, Development Commissioner and Additional Chief Secretary to Odisha government R Balakrishnan was appointed as Chairman of the SPV,” an official release said.
Bhubaneswar Development Authority Vice-Chairman Krishan Kumar was appointed Managing Director and R Vineel Krishna, who was earlier Collector and District Magistrate of Orissa’s Malkangiri district, was appointed the CEO of the SPV, it said.
It is said that Bhubaneswar Smart City Limited, the Special Purpose Vehicle will have Authorized Capital of Rs.500 cr, divided in to 5 crore shares of Rs.100 each. Of this, the Government of Odisha and Bhubaneswar Municipal Corporation will have a share of Rs.112.50 cr each while Bhubaneswar Development Authority will contribute share capital of Rs.250 cr.
As required under the provisions of the Companies Act, 2013, the Board of Bhubaneswar Smart Cities commencement of business as April 1,2016.
According to the latest news, Germany will help to develop India’s three Kochi, Bhubaneswar and Coimbatore cities as a smart city in India. This information has been released on Monday, the Germany will help to develop three smart cities in India.
Bhubaneswar City is the capital city of Odisha State. The good news is that Bhubaneswar has been selected in the first list of top 20 cities to develop as a smart city under the ‘Smart City Mission’ of Ministry of Urban Development (MoUD).
Bhubaneswar City is the capital city of Odisha State and finally in the first phase of smart city challenge Bhubaneswar city has been selected along with the Rourkela City in the list of 98 smart cities under the ‘Smart City Mission’ of Ministry of Urban Development (MoUD). The most awaited and ambitious 100 smart city mission was launched by the Indian Prime Minister Narendra Modi on 25 June 2015.