Question

The implementation of the Smart City Mission at the City

Q: Answer-The implementation of the Smart City Mission at the City level will be done by?

The implementation of the Mission at the City level will be done by a Special Purpose Vehicle SPV created for the purpose. The SPV will plan, appraise, approve, release funds, implement, manage, operate, monitor and evaluate the Smart City development projects. Each smart city will have a SPV which will be headed by a full time CEO and have nominees of Central Government, State Government and ULB Urban Local Bodies on its Board. The SPV will be a limited company incorporated under the Companies Act, 2013 at the city-level, in which the StateUT and the ULB will be the promoters having 5050 equity shareholding.

level will be done by?

A Special Purpose Committee

B Special Purpose Vehicle

C The Smart City Taskforce

D A panel appointed by the state’s CM

E None of these

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The implementation of the Smart City Mission at the City

Solution