Monday, February 8, 2016

  • The SPV will be a limited company registered under the Companies Act, 2013. It will be headed by a Chief Executive Officer (CEO) who will function independently.
  • Efforts will be made to appoint a CEO by the end of this month so that other formalities could be completed according to the timeline set by the Centre.
  • The proposed SPV will have 10 Government directors and five independent directors. While officers of Housing and Urban Development, Energy, Works and Information and Technology Departments will be appointed as directors of the SPV, experts from Odisha and other States would be given the role of independent directors.
  • There will also be a finance officer of the SPV to look into the financial transactions.

  • The SPV will be given powers to implement the proposed development projects. It will plan, appraise, approve, release funds, implement, manage, operate, monitor and evaluate Smart City development projects.
  • Demarcation of land will be done jointly by the General Administration Department and the Bhubaneswar Development Authority (BDA) for resettlement slum dwellers.
  • A smart city will be equipped with basic infrastructure to offer a good quality of life through smart solutions. Assured water and power supply, sanitation and solid waste management, efficient urban mobility and public transport, robust IT connectivity, e-governance and safety of citizens are some of the major attributes of a smart city.

Print Friendly and PDF

Blog Archive