Ten cities of Maharashtra appear to have great confidence in their ability to raise large amounts of funds, going by their Smart City proposals they have sent to the central government, reports have said.
These cities have mentioned user charges, land monetisation, public-private partnerships and municipal bonds, among others, as the avenues through which they would raise a total of Rs.296 billion in their Smart City proposals sent to the Union Urban Ministry.
Last week, a committee led by the state chief secretary submitted to the centre proposals from the 10 municipal corporations for Smart City mission and Atal Mission for Rejuvenation and Urban Transformation (AMRUT).
AMRUT will provide help and assistance to cities and towns to upgrade their service like water supply, sewage disposal, and mass transport. It essentially covers those aspects of urban rejuvenation not addressed by the Smart City programme.
The cities are Mumbai, Thane, Navi Mumbai, Kalyan-Dombivli, Pune, Nashik, Nagpur, Aurangabad, Solapur and Amravati in Vidarbha.
Of the 10 cities, Mumbai has sent in the most conservative proposal worth Rs 11.18 billion, though it has India’s richest municipal body with an annual budget (2015-16) of Rs.335.14 billion.