Lok Sabha Question No. 243 (STARRED), answered on 2016-05-11
Subject: Financial Assistance to Smart Cities
Ministry: URBAN DEVELOPMENT
Asked by: BHOLA SINGH, PREM SINGH CHANDUMAJRA

## GOVERNMENT OF INDIA MINISTRY OF URBAN DEVELOPMENT LOK SABHA STARRED QUESTION NO. 243 TO BE ANSWERED ON MAY 11, 2016

## FINANCIAL ASSISTANCE TO SMART CITIES

No. *243   DR. BHOLA SINGH: SHRI PREM SINGH CHANDUMAJRA:

Will the Minister of URBAN DEVELOPMENT be pleased to state:

- (a) the  details  of  cities  selected  to  be  smart  cities  along  with services/facilities likely to be offered;
- (b) whether his Ministry has urged the 20 Smart Cities selected in the  first  round  to  quickly  firm  up  bankable  projects  for obtaining loan assistance from the Asian Development Bank (ADB), the World Bank, the BRICS Development Bank and other financial  institutions  and,  if  so,  the  details  thereof  and  the response of these banks thereto;
- (c) the amount of loan sought and those agreed by each of these banks and the time by which the loan is likely to be released;
- (d) the other steps taken/being taken by the Government to raise the  balance  amount  required  for  the  said  purpose  in  a  time bound manner; and
- (e) the target date for developing smart cities, city-wise along with action taken to adhere to such time limit?

## ANSWER THE MINISTER OF URBAN DEVELOPMENT (SHRI M. VENKAIAH NAIDU)

(a) to (e):  A statement is laid on the Table of the House.

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## STATEMENT

STATEMENT  REFERRED  TO  IN  REPLY  TO  THE  LOK  SABHA STARRED  QUESTION  NO.  243  FOR  ANSWER  ON  11.05.2016 REGARDING FINANCIAL ASSISTABCE TO SAMRT CITIES

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- (a) Twenty  cities  have  been  selected  for  development  as Smart  Cities  in  Round  1  (copy  enclosed).    Some  of  the services/facilities  proposed  are,  smart  metering,  solid waste management, providing and developing open spaces, pedestrian friendly pathways, smart parking energy  efficient  street  lighting,  safety  and  security  of citizens, robust IT connectivity, etc.
- (b)&(c)  The Smart Cities are setting up Special Purpose Vehicles (SPVs) and Projects will be posed to banks and financial institutions by the SPV. The Ministry has urged Smart Cities to establish their SPVs immediately. Fourteen SPVs have already been set up. A proposal of loan assistance of USD 500 million each from World Bank and Asian Development Bank (ADB) has been approved by Ministry of Finance. The loan is likely to be released in Financial Year 2017-18.
- (d) Apart  from  availing  loans  from  World  Bank  and  ADB, Ministry is trying to augment internal and external sources of revenue of the Smart Cities. The Government is assisting Smart Cities to maximize internal sources of revenue such as  Property  Tax,  Advertisement  Tax  etc.  Moreover,  the Government  is  converging  with  other  Schemes  such  as Solar  Rooftop,  Integrated  Power  Development  Scheme (IPDS),  etc.  Government  is  also  handholding  the  Smart Cities to access the bond markets and to prepare Public Private Partnership Projects for accessing private funds.
- (e) The SPVs are responsible for Project preparation, implementation  and  completion.  At  present,  the  Project preparation by SPVs of Smart Cities is at an initial stage.

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## Winning Cities Proposals

|   Rank No. | Name of State/UT   | Name of City   |   Score (%) |
|------------|--------------------|----------------|-------------|
|          1 | Odisha             | Bhubaneswar    |       78.83 |
|          2 | Maharashtra        | Pune           |       77.42 |
|          3 | Rajasthan          | Jaipur         |       73.83 |
|          4 | Gujarat            | Surat          |       68.16 |
|          5 | Kerala             | Kochi          |       66.98 |
|          6 | Gujarat            | Ahmadabad      |       66.85 |
|          7 | Madhya Pradesh     | Jabalpur       |       63.03 |
|          8 | Andhra Pradesh     | Visakhapatnam  |       61.12 |
|          9 | Maharashtra        | Solapur        |       60.83 |
|         10 | Karnataka          | Davanagere     |       59.93 |
|         11 | Madhya Pradesh     | Indore         |       59.89 |
|         12 | Delhi              | NDMC           |       59.63 |
|         13 | Tamil Nadu         | Coimbatore     |       58.74 |
|         14 | Andhra Pradesh     | Kakinada       |       58.19 |
|         15 | Karnataka          | Belagavi       |       57.99 |
|         16 | Rajasthan          | Udaipur        |       57.91 |
|         17 | Assam              | Guwahati       |       57.66 |
|         18 | Tamil Nadu         | Chennai        |       56.16 |
|         19 | Punjab             | Ludhiana       |       55.84 |
|         20 | Madhya Pradesh     | Bhopal         |       55.47 |