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Rs 39 Lakh Cr Needed For Infra In Urban Areas Until 2032: Puri

Rs 39 Lakh Cr Needed For Infra In Urban Areas Until 2032: Puri

Rs 39 Lakh Cr Needed For Infra In Urban Areas Until 2032: Puri
(Dreamstime)

Investments required in urban areas for a 20-year period between 2012-13 and 2031-32 was estimated to be Rs 39 lakh crore, the government said on January 2. The Ministry of Housing and Urban Affairs has constituted a high-powered expert committee to provide an estimate of investments required for urban infrastructure services, including the maintenance and replacement, the Minister of State for Housing and Urban Affairs, Hardeep Singh Puri, said in the Lok Sabha.

The minister said nearly Rs 20 lakh crore had been estimated for operation and maintenance of all cities and towns. He said 90 "smart cities" selected so far had indicated a total investment of Rs 1.9 lakh crore in their proposals.

The Central government proposes to give financial support to the smart cities mission to the extent of Rs 48,000 crore over five years. An equal amount on a matching basis will have to be contributed by the state or urban-local bodies (ULBs).

The remaining funds were expected to be mobilised by the city from state or ULB's own resources through collection of user fee, beneficiary charges, impact fee, land monetisation, debt, borrowings from financial institutions including bilateral and multilateral institutes, private sector through PPP and convergence with other missions, he said.

Replying to another question, he said the government had decided to discontinue the Heritage City Development and Augmentation Yojna (HRIDAY) after it ended in November 2018.

With inputs from Housing News

Last Updated: Thu Jan 04 2018

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