Indian Economy News

3,131 Smart City projects worth Rs. 53,175 crore have been completed

Government of India launched the Smart Cities Mission (SCM) on 25 June 2015 for development of 100 cities as Smart Cities. The cities were selected through 4 rounds of competition from January 2016 to June 2018. As on 12 November 2021, these Smart Cities have tendered out 6,452 projects worth Rs. 1,84,998 crore (US$ 24.67 billion); out of which work orders have been issued in 5,809 projects worth Rs. 1,56,571 crore (US$ 20.88 billion) and 3,131 of those projects worth Rs. 53,175 crore (US$ 7.09 billion) have been completed.

As on 12 November 2021, Central Government has released Rs. 27,235 crore (US$ ) to States/Union Territories for their Smart Cities.

The status of projects in the 20 Smart Cities selected in Round-1 in January, 2016 is given below:

(Amount in Rs. crore)

Smart City

Tender Stage

Work Order Stage

Work Completed

Total Projects

Total Amount

No. of Projects

Amount

No. of Projects

Amount

No. of Projects

Amount

Round-1

(20 cities)

142

11,874

565

26,877

1,203

20,129

1,910

58,880

Out of 1,910 projects worth Rs. 58,880 crore (US$ 7.85 billion) that were part of the Smart City Proposals (SCPs) of Smart Cities selected in Round-1, 1,768 projects (93%) worth Rs. 47,006 crore (US$ 6.29 billion) (80%) have either been completed or are under implementation. The period of implementation of SCM has been extended up to June 2023 and all Round-I cities are expected to complete their projects within the stipulated time. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.

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