Source: The Hindu Business Line, Dec 16, 2018
The creation of smart cities was a major promise by Prime Minister Narendra Modi in the run-up to the 2014 Lok Sabha elections. Projects worth ₹2,05,018 crore have been included by the selected 100 cities in their Smart City proposals.
According to data presented by the Ministry of Housing and Urban Affairs to the Lok Sabha, 2,342 projects (45 per cent) worth ₹90,929 crore have been tendered, of which 1,675 projects (33 per cent) worth ₹51,866 crore are under implementation or have been completed.
This means that 3,476 projects (67 per cent) are either just tendered or have not even gone through the tendering process. Read the rest of this entry »