The city Corporation seems to be drawing lessons from the failures of the Special Purpose Vehicle (SPV) model for the implementation of Smart City projects in other Corporations while forming a workable model for itself here.
When the State government’s high-power steering committee meets here on July 14 to discuss the formation of the SPV, the local body will put forward its concerns regarding existing SPVs in other Smart City projects.
According to an official at the city Corporation, one of the main concerns is regarding the members who will be part of it.
“The main concern is that there should be a workable model. We need members who can dedicate much of their time for the Smart City project because we have a tight deadline to follow. The first phase of work on the ground is scheduled to be completed by next year. So, we have to get moving fast and sustain the pace all through,” the official said.
Technical panel meeting
The technical committee of the Corporation, formed for the preparation of the Smart City proposal, will meet on July 3 to discuss the strategy for the high-power steering committee meeting. During the meeting, presentations on the Smart City execution in other cities will be done, based on which other points to be put forward will be decided. The local body is also planning to extend the technical committee’s tenure through the execution of the Smart City project.
After the formation of the SPV, another consultant will have to be selected for the preparation of the Detailed Project Report (DPR). Each individual project will have a separate DPR. Once the DPR is prepared, the high-power committee will provide the administrative sanction and technical sanction. According to officials here, after all these processes, the work on the ground is expected to start in four to five months.
Over the next four years, projects worth ₹1,538.2 crore will be implemented.
