HomeNews228 PPP projects worth Rs 22k completed under SCM

228 PPP projects worth Rs 22k completed under SCM

According to Ministry of Housing and Urban Affairs (MoHUA), the Smart City Mission has so far completed 228 PPP projects worth Rs 22,000 crore across 60+ cities. Further, more than 160 PPP early-stage projects worth Rs 15,000 crore could benefit from private sector participation, both in terms of investment and development. This information was provided in a virtual roadshow to showcase PPP opportunities under the SCM which was organised by the MoHUA and Invest India, the National Investment Promotion and Facilitation agency.

The program also highlighted the need for driving continued participation from across the globe and the opportunities hosted on India Investment Grid, the portal developed by Invest India, that has received over 3.5 million views from more than 195 countries, with Smart Cities projects attracting increasing global interest.

PPP opportunities were showcased by CEOs from 10 Smart cities (Ranchi, Nashik, Nagpur, Srinagar, Pune, Gwalior, Imphal, Bilaspur, Shivamogga and Warangal) in 4 sectoral sessions, vis. Urban Transport, Commercial Infrastructure & Hospitality, Education and Energy. The projects covered areas such as market redevelopment, multi-level smart parking, urban mobility, solar power generation, development of multi-modal transport hubs as well as establishment of educational hub.

The audience consisted of established players in the Smart Cities ecosystem as well as new entities looking to foray into this rapidly growing space, with more than 200 attendees from about 100 organizations, including infrastructure and technology companies, start-ups, trade associations, financial investors and multilateral agencies participating in the event.

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