‘First set of SPVs for 20 smart cities will be ready by mid-Dec’

08-Nov-2015 #Digital India Source: The Hindu Businessline

Urban Development Minister M Venkaiah Naidu has announced that the first set of special purpose vehicles (SPVs) for 20 smart cities is expected to be ready by December 15. He added that developing smart cities is a big project and it aims to rejuvenate cities into liveable cities. He said that each city may require anywhere between $1.5 billion and $3 billion to transform itself into a smart city.

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