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Rs 50k cr earmarked for 100 smart cities

Updated: August 1st, 2015, 23:23 IST
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SMART CITY

Indo-Asian News Service

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New Delhi, August 1: Union minister M. Venkaiah Naidu Saturday said Rs 50,000 crore have been earmarked by the government to develop 100 smart cities in the country, adding that each selected city would get central assistance of Rs 100 crore per year for five years.
     Naidu, the union urban development minister, was speaking at an international seminar on sustainable and inclusive urban development organised by NITI (National Institute for Transforming India) Aayog, the Institute for Human Development (IHD) and Department of Urban and Regional Planning of the University of Florida here. “Special emphasis will be given to citizen participation while developing these smart cities. To recast the urban landscape of the country and make lives of urban people comfortable is the need of the hour.”

He also said, “Sustainable and inclusive urban development is the main focus of the government and there is a need to go for reforms in a big way.” “Good urban life also requires housing, office space and good transportation. Biggest challenge in the country has been one of creating space for cities and availability of land,” NITI Aayog Vice Chairman Arvind Panagariya said at the event. Terming land acquisition as one of the “difficult acts” in India, Arvind Panagariya said it can easily take up to 5 years for acquiring land for a large project including building of cities. Availability of land is a big challenge and has become a big debate in the country, he said.

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