Start-ups, innovation key features in UT admn’s new smart city pitch | punjab$chandigarh | Hindustan Times
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Start-ups, innovation key features in UT admn’s new smart city pitch

punjab Updated: Apr 05, 2016 12:14 IST
HT Correspondent
HT Correspondent
Hindustan Times
Start-ups

The move comes in the wake of the administration’s failure to make to the first list of top 20 smart cities early this year following its not-so impressive presentation and inability to show fund-generation sources,.(HT Photo)

In a bid to make it to the second list of 23 smart cities to be selected by the Union ministry of urban development, the UT administration has now come up with a revised smart city proposal, projecting the city as a hub of innovation and start-ups among others.

The move comes in the wake of the administration’s failure to make to the first list of top 20 smart cities early this year following its not-so impressive presentation and inability to show fund-generation sources,.

The proposal aims at making the city “a vibrant regional centre to build upon its strong social, intellectual and cultural heritage”. The last date to submit the proposal is April 15.

Prominent changes in the proposal are inclusion of parts of Sectors 16 and 18 in the area-based development plan. Besides, the administration wants to use the Government Press, Sector 18, one of the oldest buildings in the city, as a hub of innovation and start-ups, with young pass-outs in the field of information technology, art and culture getting space for setting up their business.

The administration has roped in US-based consultant firm AECOM for the purpose.

Sharing the tentative proposal, UT home secretary-cum-state mission director, smart city project, Anurag Agarwal said it has been uploaded on mygov.in to seek suggestions from the public for a week.

It will also be shared on Facebook and twitter pages to get response from the residents.

The administration plans to re-develop vacant land spread over 71 acres in Sector 43 by coming up with affordable housing, commercial places and a convention centre. The special purpose vehicle (SPV), which will implement the project, will identify the land and prepare master plan for this.

Now, the change of land use will be handled by the administration and not the ministry of home affairs (MHA) as it was done earlier in case of an SPV.

MC commissioner Baldeo Purushartha said, “The inputs from residents were taken and now group discussions with different organisations such as industrial associations, resident welfare associations, market associations and prominent members of the community will be held before finalising the proposal.”

Fund strategy for the project

The smart city project will be implemented by a special purpose vehicle (SPV). It will be a 50:50 joint venture between the UT administration and the municipal corporation.

Initial implementation will take place in first four years, starting in 2016-17. If selected, the city will receive Rs 300 crore from the Centre.