Govt announces new model to finance infra projects in smart cities

Date posted: Tuesday 10 July 2018

The government has announced a new Cities Investment to Innovate, Integrate and Sustain (CITIIS) challenge to identify top projects in 15 of the 100 selected smart cities, which will then receive an additional funding of approximately Rs.80 cr. each. The new funding will be financed by a €100 million loan from the French government’s international development agency L’Agence Française de Développement (AFD). The cities would be encouraged to pitch projects in four particular sectors: sustainable mobility, public open spaces, urban governance & ICT, and social innovation in low-income settlements.

(Live Mint)

Tags: ,