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Taking forward the Prime Minister’s vision to set up 100 smart cities across the country, the Urban Development Minister M Venkaiah Naidu speaking at a session on Smart Cities at the ongoing Seventh Vibrant Gujarat Global Summit 2015 mentioned that the Centre would be ready to provide viability gap funding for interested parties in developing Smart Cities.
This will encourage the public private partnership (PPP) model. “It will take lakhs of crores to invest in smart cities. You cannot expect the Government to make all that investment. We invite private players to come ahead and build smart cities.
“But it has to be built through PPP model only,” said Naidu. A final decision on identification of smart cities will taken after the consultations with all State governments.
The Centre will come out with documents on smart cities by the end of this month.
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