Faridabad, April 22 (IANS) The Municipal Corporation of Faridabad has submitted its final Smart City Proposal entailing a projected expenditure of Rs.2,600.01 crore to the urban development ministry, a senior official said on Friday.
The revised proposal was prepared after consultation with local residents, collection of details and meetings with officers of different state government departments, Urban Local Bodies Department Principal Secretary Anil Kumar said.
Faridabad was shortlisted as one of the fast-track cities for ‘Smart City’ status by the ministry.
He said the projected expenditure was for area-based development, smart mobility initiative, smart and sustainable civic infrastructure initiatives, smart urbanism and pan-city solutions.
Kumar said several projects identified will generate direct revenue, including rental, of Rs.39.12 crore per annum. Public parking revenue has been estimated at Rs.6.20 crore per annum while land monetisation initiatives are expected to generate one-time revenue of Rs.428.38 crore.
He said the revised SCP included a vision statement — creating economic impact through Transit Orient Development and Smarter Mobility and Urbanism for social and environmental benefits.
Karnal and Gurgaon in Haryana are also to be developed as smart cities.