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The Special Purpose Vehicle (SPV) for the smart city project in Bhubaneswar would have paid-up capital of ₹250 crore and authorised capital of ₹500 crore.
A government release said the equity of the SPV company is being shared by the government of Odisha, Bhubaneswar Municipal Corporation (BMC) and Bhubaneswar Development Authority (BDA) on 45:45:10 basis.
BMC Chairman Kishan Kumar said the SPV would have around 19 officers and staff from among whom 6 officers would be on wholetime deputation and 13 would be recruited from open market.
Museum of urban history
A museum of urban history here is being planned. It would be like a public plaza to showcase the chronological and historic view of the city’s evolution and architecture, Chief Secretary AP Padhi said after attending a meeting held to review the progress of the smart city project.
The release said the company will have a board of directors under the chairmanship of development commissioner-cum-additional chief secretary with secretaries to the finance, housing and urban development departments, principal secretaries to IT and general administration as its members.
The Commissioner of Police, Vice-Chairman of BDA, Municipal Commissioner of BMC, representative from the Government of India, representative from OPTCL and 5 independent directors from various thematic areas like industry, urban housing, urban transport, IT, social equity would also be in the board, it added.
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