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Govt to start construction process for 5 ‘smart cities’ this fiscal year

No Comments Sub Category:Realty News Posted On: Sep 04, 2014

The process for the construction of five ‘smart cities’ will apparently be commenced by the government by the end of the current fiscal year.

Towards that end, contracts for the development of trunk infrastructure for five smart cities will be rolled out by the Delhi Mumbai Industrial Corridor Development Corporation (DMICDC) in the near future.

The areas in which DMICDC has efforts underway to launch trunk infrastructure include the Ahmedabad-Dholera investment region; Maharashtra’s Shendra Bidkin investment region; global city in Gurgaon, Haryana; integrated industrial township Vikram Udyogpuri in Ujjain, Madhya Pradesh; and integrated industrial township in Greater Noida, Uttar Pradesh.

According to the information shared by sources aware of the proceedings, international competitive bids will be invited by DMICDC for developing trunk infrastructure, which will chiefly include provisions for sewerage treatment and collection, water supply, and roadways, among others.

With the Centre to provide the requisite funding for the trunk infrastructure via the DMIC Trust – which has a corpus of Rs 17,500 crore that has to be utilised over a 5-year period -, one of the sources said: “The contract for Dholera and Shendra Bidkin investment region would be floated by December while that of Vikram Udyogpuri will be floated by October. The others would be done by January.”

Source – The Financial Express

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