Question
With reference to Bengaluru Smart Infrastructure Limited (B-SMIL
- E , consider the following statements: 1. B-SMILE is a special-purpose vehicle (SP
- V launched by the Karnataka government with an initial funding of ₹7,000 crore. 2. The Karnataka government holds 90% equity, while the BBMP retains 10%. 3. The B-SMILE board will have 11 members, including civic body commissioners, the Mayor of Bengaluru, and three private sector experts. 4. Its first major project is the construction of 40 km of elevated corridors to ease Bengaluru’s traffic congestion. Which of the above statements is/are correct?
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