Today the union urban development minister Venkaiah Naidu released the names of the cities which were shortlisted for the stage 2 of the Smart Cities mission.
This was just a formality as all names forwarded by the states have been included in the list of 98 cities.
Now the main task infront is the Smart Cities challenge where each city would be evaluated as per the report and top 40 would be listed.
Now the Corporation will have to Prepare a Proposal for Assisting Belagavi City to Participate in the Smart Cities Challenge. The Ministry of Urban Development (MoUD) has rolled out Smart City Mission (SCM). The cities to be shortlisted under Smart City Mission shall require to compete for funding in the City Challenge. To participate in the SCM challenge cities will require to prepare Proposal for Smart Cities Challenge. This preparation of Proposal will require services of consultants. To facilitate Cities / State Governments to prepare Proposal, MoUD has shortlisted consulting firms to assist States/ Union Territories through its World Bank assisted Capacity Building for Urban Development (CBUD) project in selection of the consulting firms which can help the States/ Cities to prepare Proposal.
Each smart city will receive central funds worth Rs 500 crore over a five-year period. It will also receive Rs 250 crore funding from the state government and a similar amount from the urban local body, spread over a five-year span. This means that each smart city should be capable of executing work amounting to Rs 1,000 crore over five years.